M15 & H1 Intraday Key Levels| Bearish Bias
Market Structure: Bearish
Intraday Sentiment: Sell On Rise
Session Focus: London| Nyc
London Market Overview
However the Silver Price Forecast is expected to stay in bearish bias on h1 time frame. Therefore the Silver Price Forecast remains capped below the recent resistance at 78.51625 on h1 time frame. Meanwhile the Silver Price Forecast remains aligned with yesterday’s resistance zone on h1 time frame at 78.51148 without forming the fresh resistance on h1 time frame. On the other hand the m15 time frame continuing h1 bearish bias , while trading below the lastest resistance zone at 76.13979. Meanwhile the Silver Price Forecast introduced the resistance on m15 time frame at 76.02683 on m15 time frame.
Resistance Zones
M15 Resistance Zone
76.02683 – 76.13979
Fresh Supply Zone
Short term Key Resistance Zone
H1 Resistance Zone
78.51822 – 78.67857
Pending Supply Zone
Higher Time Frame Resistance Region
Support Zones
M15 Support Zone
As the price trades in bearish bias on m15 time frame. Meanwhile the price hasn’t established any fresh or near by support zone. Therefore awaiting for fresh breakout structure.
H1 Support Zone
67.33435 – 65.50926
Pending Demand Zone
Higher Time Frame Support Region
Session Strategy
Although the price may stay with in the bearish structure on h1 time frame. Therefore the price operates below the latest resistance at 78.51625 on h1. Meanwhile acceptance above 78.51625 on h1 time frame. However the price could secure the bullish bias and form the fresh support at 75.68501 – 75.41281 on h1 time frame. Moreover, a move above 76.13979 on m15 time frame. Meanwhile the price may validate bullish bias and generate the fresh support at 74.92696 – 74.61985 on m15 time frame.
Nyc Session Outlook
However the price may continue to benefit the sellers o h1 time frame. Meanwhile the price hovers below the last resistance at 78.51625 on h1. Meanwhile the h1 pending resistance zone would remain valid on h1 time frame, as the price hasn’t secured any fresh resistanec zone on h1. In addition the m15 time frame shifted it bis to the bullish side, while giving the close above at 76.14009 on m15. As a result the price introduced the fresh support at 74.92893 on m15.
Key Resistance & Support Zone
Resistance Zones
M15 Resistance Zone
78.18271 – 78.38566
Pending Supply Zone
Short term Key Resistance Zone
H1 Resistance Zone
78.51822 – 78.67857
Pending Supply Zone
Higher Time Frame Resistance Region
Support Zones
M15 Support Zone
74.92696 – 74.61985
Fresh Demand Zone
Short Term Key Support Zone
H1 Support Zone
67.33435 – 65.50926
Pending Demand Zone
Higher Time Frame Support Region
Session Strategy
However the price could remain in the bearish structure on h1 time frame. Therefore the price remain capped below the recent resistance at 78.51625 on h1. Meanwhile, a close above 78.51625 on h1 time frame. As a result the price may secure the bullish momentum and set up the fresh support at 75.68501 – 75.41281 on h1 time frame. Moreover, a finish below 73.96654 on m15 time frame. Meanwhile the structure could secured the downside structure and may shape the fresh resistance at 74.61985 – 74.92696 on m15 time frame.
Key Takeways
Trend: Bearish
Bias: Sell On Rise
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