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 could stay with in the bullish structure on h1 time frame. As a result Silver Price Forecast stay above the last support at 77.18103 on h1. In addition, the m15 time frame trades in yesterday’s bullish bias and established the fresh support zone at 80.29907 on m15 time frame. Meanwhile, the h1 time frame hasn’t formed any fresh support zone on h1. Therefore the pending support zone would remain valid on h1 time frame. Moreover. a finish above 81.02138 on h1 time frame. As a result Silver Price Forecast may introduce the fresh support at 78.48388 – 78.25205 on h1.
Support Zones
M15 Support Zone
80.10839 – 79.93152
Pending Demand Zone
Short Term Key Support Base
H1 Support Zone
77.50475 – 77.18103
Pending Demand Zone
Higher Time Frame Support Region
Resistance Zones
M15 Resistance Zone
81.49709 – 81.54535
Pending Supply Zone
Short Term Key Resistance zone
H1 Resistance Zone
82.46183 – 82.55164
Pending Supply Zone
Higher Time Frame Resistance Region
Session Strategy
Although the price is likely to hold the bullish bias on h1 time frame. As a result price trades above the last support at 77.18103 on h1 time frame. Therefore a decisive close below 77.18103 on h1 time frame. As a result price could shift the character to the bearish side and may create the fresh resistance at 78.09856 – 78.14353 on h1. In addition a define close below 80.29075 on m15 time frame, may tilt the short term bias to the bearish side. As a result price may set up the fresh resistance at 80.52886 – 80.59227 on m15 time frame.
Nyc Session Outlook
Although the Silver Price Forecast may continue to trade in bullish on h1 time frame. As the Silver Price Forecast trades above the last support at 77.18103 on h1 time frame. Meanwhile the m15 time frame shifted its character to the bearish side and developed the fresh resistance at 80.48057 on m15 time frame. In addition the h1 support zone would remain at same level.
Key Support & Resistance Zone
Support Zones
M15 Support Zone
As the price trades in bearish structure on m15 time frame. Meanwhile the price hasn’t established any fresh or near by support zone.
H1 Support Zone
77.50475 – 77.18103
Pending Demand Zone
Higher Time Frame Support Region
Resistance Zones
M15 Resistance Zone
80.48174 – 80.60585
Fresh Supply Zone
Short Term Key Resistance zone
H1 Resistance Zone
82.46183 – 82.55164
Pending Supply Zone
Higher Time Frame Resistance Region
Session Strategy
However the price is likely to hold the bullish bias on h1 time frame. As a result price respects the last support at 77.18103 on h1 time frame. Therefore a close below 77.18103 on h1 time frame. As a result price may shift the character to the bearish side and would create the fresh resistance at 78.09856 – 78.14353 on h1. In addition a secured close above 80.86462 on m15 time frame, could tilt the bias to the bullish side. As a result price could set up the fresh support at 80.60585 – 80.48174 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