M15 & H1 Intraday Key Levels| Bullish Bias
Market Structure: Bullish
Intraday Sentiment: Buy On Dips
Session Focus: London| Nyc
London Market Overview
Although the Silver Price Forecast may continue to hold the bullish bias on h1 time frame. As a result Silver Price Forecast trades above the last support zone at 77.18103 on h1 time frame. Meanwhile the m15 time frame confirmed the initiation bullish momentum. As a result Silver Price Forecast close above the last resistance zone at 79.15512 on m15 time frame. Therefore Silver Price Forecast established the fresh support zone at 78.50988 on m15. In addition, h1 support zone would remain at same levels as the price hasn’t set up any fresh support zone on h1 time frame.
Support Zones
M15 Support Zone
78.50988 – 78.12801
Fresh 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
79.51066 – 79.78719
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
However the price may stay in the bullish structure on h1 time frame, as the price trades above the last support zone at 77.18103 on h1 time frame. Meanwhile if price confirm a break below 77.18103 on h1 time frame. As a result price may reinforce the bearish momentum and may generate the fresh resistance zone at 78.09856 – 78.14353 on h1 time frame. Moreover, a decisive close below 77.78083 on m15 time frame could shift the short term bias to the bearish side. As a result price may shape the fresh resistance zone at 78.12801 – 78.50988 on m15 time frame.
Nyc Session Outlook
Although may continue the bullish structure on h1 time frame, as the price trades above the last support at 77.18103 on h1 time frame. Meanwhile the m15 shift the short term bias to the bullish side, as the price close above the last resistance at 79.25853 on m15 time frame. However the the price hasn’t established any fresh support zone on both the time frame h1 and m15. Meanwhile the previous support zone on m15 is already tapped by the price. Therefore awaiting for the new structure.
Key Support & Resistance Zone
Support Zones
M15 Support Zone
Although the price trades in bullish structure on m15. Meanwhile the price hasn’t introduced any fresh support zone on m15.
H1 Support Zone
77.50475 – 77.18103
Pending Demand Zone
Higher Time Frame Support Region
Resistance Zones
M15 Resistance Zone
80.47843 – 80.60443
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
However the price could stay with in the bullish structure on h1 time frame, as the price stay above the last support zone at 77.18103 on h1 time frame. Meanwhile a break below 77.18103 on h1 time frame. As a result price could reinforce the bearish momentum and would generate the fresh resistance zone at 78.09856 – 78.14353 on h1 time frame. Moreover, a move below 78.51242 on m15 time frame may shift the short term bias to the bearish side. As a result price could shape the fresh resistance zone at 79.25448 – 79.25905 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