M15 & H1 Intraday Key Levels| Bullish Bias
Market Structure: Bullish
Intraday Sentiment: Buy On Dips
Session Focus: London| Nyc
London Session Overview
Silver Price Forecast could hold the bullish trend on h1 time frame, as the buyers defends the last low at 85.62436 on h1 time frame. However the Silver Price Forecast introduced the fresh support at 86.36307 on h1 time frame. In addition, the m15 structure remains with buyers side and trade above recent low at 85.62436 on m15 time frame. Meanwhile the Silver Price Forecast generated the fresh support at 85.97654 on m15 time frame. Moreover, a breakout above 89.38121 on m15 time frame. As a result price could form the fresh support at 86.45139 – 86.29080 on m15 time frame.
Support Zones
M15 Support Zone
85.97654 – 85.62436
Fresh Demand Zone
Short Term Support Base
H1 Support Zone
86.35862 – 85.62457
Fresh Demand Area
Higher Time Frame Support Region
Resistance Zones
M15 Resistance Zone
As the price remain in the bullish bias on m15 time frame. Therefore the price hasn’t setup any fresh or pending supply zone on m15 time frame. Meanwhile, awaiting for the fresh breakdown.
H1 Resistance Zone
90.61855 – 91.35261
Pending Supply Zone
Higher Time Frame Supply Area
Session Strategy
However the price may manage to trade under the bullish structure on h1 time frame. Therefore the price operates above recent low at 85.62436 on h1 time frame. Meanwhile, a secured close below 85.62436 on h1 time frame. As a result price initiate the bearish momentum and generate the fresh resistance at 87.20098 – 87.80755 on h1 time frame. On the other hand, confirmed close below 85.62436 on m15 time frame,a s the price could establish character shift to the bearish side and develop the fresh resistance at 87.51386 – 87.80755 on m15 time frame.
Nyc Session Outlook
However the price could manage to trade with the bullish structure on h1 time frame, as the buyers remains dominating above the prior low at 85.62436 on h1 time frame. Meanwhile the structure remains respected towards the previously established support zone on h1 time frame. On the other hand, the buyers may remain intact on m15 time frame. As a result price hovers above the last low at 85.62436 on m15 time frame. Although the structure continues with the previous demand zones on m15 time frame.
Key Support & Resistance Zone
Support Zones
M15 Support Zone
85.97654 – 85.62436
Pending Demand Zone
Short Term Support Base
H1 Support Zone
86.35862 – 85.62457
Pending Demand Area
Higher Time Frame Support Region
Resistance Zones
M15 Resistance Zone
As the price remain in the bullish bias on m15 time frame. Therefore the price hasn’t setup any fresh or pending supply zone on m15 time frame. Meanwhile, awaiting for the fresh breakdown.
H1 Resistance Zone
90.61855 – 91.35261
Pending Supply Zone
Higher Time Frame Supply Area
Session Strategy
Although the bullish structure may remain intact on h1 time frame. Therefore the price remains capped above recent low at 85.62436 on h1 time frame. However, if price ended below 85.62436 on h1 time frame. Meanwhile the sellers amy regain the control and may markout the fresh resistance at 87.20098 – 87.80755 on h1 time frame. In addition, acceptance below 85.62436 on m15 time frame, as the price could confirm the bearish bias and create the fresh resistance at 87.51386 – 87.80755 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