M15 & H1 Intraday Key Levels| Bullish Bias
Market Structure: Bullish
Intraday Sentiment: Buy On Dips
Session Focus: London| Nyc
London Market Overview
However the Silver Price Forecast is expected to trade in bullish structure on h1 time frame, as long as the Silver Price Forecast holds the last support at 77.79521 on h1. Meanwhile the Silver Price Forecast hasn’t established any fresh support on h1 time frame. Therefore the Silver Price Forecast trades with the pending support zone at 78.43444 on h1. Meanwhile the m15 time frame carrying the yesterday’s bearish structure and trading with previous supply zone at 82.04777. Although the Silver Price Forecast hasn’t formed any fresh support or resistance on h1 and m15 time frame. As a result the pending support or resistance zone would remain active
Support Zones
M15 Support Zone
78.51230 – 78.12681
Pending Demand Zone
Short Term Support Base
H1 Support Zone
78.42829 – 77.79521
Pending Demand Zone
Higher Time Frame Support Region
Resistance Zones
M15 Resistance Zone
81.82568 – 82.04777
Pending Supply Zone
Short Term Key Resistance Zone
H1 Resistance Zone
84.27568 – 84.47885
Pending Resistance Zone
Higher Time Frame Resistance Region
Session Strategy
Although the price may stay with in the bullish structure on h1 time frame. As a result price operates above the recent support zone at 77.79521 on h1. Meanwhile a confirmed close below 77.79521 on h1 time frame. As a result price may reinforce the bearish bias and may develop the fresh resistance at 80.52712 – 81.02022 on h1 time frame. In addition if price print a close above 82.04777 on m15 time frame. Afterwards price could confirm the bullish momentum shift and could establish the fresh support at 81.49267 – 81.35953 on m15 time frame.
Nyc Session Outlook
However the continues to back the buyers on h1 time frame. Until the price respects the last support zone at 77.79521 on h1 time frame. Meanwhile the price hasn’t introduced any fresh or near by support zone on h1 time frame. On the other hand the m15 time frame printed a fresh resistance at 80.67689 on m15 time frame.
Key Support & Resistance Zone
Support Zones
M15 Support Zone
As the price continue to benefits the sellers on m15 time frame. Therefore the price hasn’t formed any fresh or near by support zone on m15 time frame. Therefore awaiting for the new structure.
H1 Support Zone
78.42829 – 77.79521
Pending Demand Zone
Higher Time Frame Support Region
Resistance Zones
M15 Resistance Zone
80.54883 – 80.67689
Fresh Supply Zone
Short Term Key Resistance Zone
H1 Resistance Zone
84.27568 – 84.47885
Pending Resistance Zone
Higher Time Frame Resistance Region
Session Strategy
Although the price may still lean to the bullish side on h1 time frame. As a result price operates above the recent support zone at 77.79521 on h1. Therefore, a decisive close below 77.79521 on h1 time frame. As a result price would reinforce the bearish momentum and could develop the fresh resistance at 80.52712 – 81.02022 on h1 time frame. Meanwhile, if price records a close above 80.67689 on m15 time frame. Afterwards price would initiate the bullish extension shift and may set up the fresh support at 78.84141 – 78.64221 on m15 time frame.
Key Takeways
Trend: Bullish
Bias: Buy On Dips
Follow H1 Structure
Disclaimer
Although this analysis is for educational and informational purposes only. Therefore it does not constitute financial advice. However always manage your risk and trade responsibly.
Moreover, check out my Previous XAGUSD Analysis section.
In addition, for daily XAGUSD silver chart analysis refer my XAGUSD Daily Analysis section