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 maintain to trade in bullish momentum on h1 time frame. As a result Silver Price Forecast maintain to trade above the last support zone at 77.79521 on h1. Meanwhile the Silver Price Forecast hasn’t established any fresh support zone on h1 time frame. On the other hand, the m15 time frame trades validate the bearish structure. As a result Silver Price Forecast closes below the last support at 81.36036 on m15 time frame. Therefore Silver Price Forecast formed the fresh resistance at 81.82568 on m15. In addition, a decisive close below 78.64323 on m15, would strengthen the bearish momentum and may develop the fresh resistance at 80.53976 – 80.67884 on m15 time frame
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
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
However the price may remain in the favor of buyers on h1 time frame, until price trades above the last support zone at 77.79521 on h1 time frame. Therefore if price settle below 77.79521 on h1 time frame. As a result price may signal the downside extension and may generate the fresh resistance at 80.52712 – 81.02022 on h1 time frame. In addition, acceptance above 82.04777 on m15 time frame. As a result price may support bullish momentum and could confirm the fresh support at 81.49267 – 81.35953 on m15 time frame.
Nyc Session Outlook
Although the price is likely to hold the bullish bias, as long as the price operates above the last support at 77.79521 on h1 time frame. Meanwhile the price hasn’t set up any fresh support zone on h1 time frame. In addition, m15 continuing its bearish structure while continuing below the last resistance at 82.04777 on m15 time frame. Moreover, a decisive close below 78.64323 on m15, would strengthen the bearish momentum and may develop the fresh resistance at 80.53976 – 80.67884 on m15 time frame.
Key Support & Resistance Zone
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
However the price may continue to trade with in the favor of buyers on h1 time frame, until price hovers above the last support zone at 77.79521 on h1 time frame. Therefore, a define close below 77.79521 on h1 time frame. As a result price could signal the downside extension and would shape the fresh resistance at 80.52712 – 81.02022 on h1 time frame. Meanwhile, a close above 82.04777 on m15 time frame. As a result price would support bullish momentum and may confirm the fresh support at 81.49267 – 81.35953 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