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 may remain favorable for the buyers on h1 time frame. Meanwhile the Silver Price Forecast positioned above the last support zone at 77.50436. Although the Silver Price Forecast trades within the unchanged support zone on h1 time frame. Therefore the projected demand zone would remain intact on h1 time frame at 77.61202. However the m15 time frame positioned under the bearish pressure, as the Silver Price Forecast operates below resistance at 81.57380 on m15 time frame. Meanwhile Silver Price Forecast is yet to validate the fresh levels on m15 time frame.
Support Zones
M15 Support Zone
77.51549 – 77.49412
Pending Demand Zone
Short Term Support Area
H1 Support Zone
77.61202 – 77.50436
Pending Demand Zone
Likely Support Reaction Area
Resistance Zones
M15 Resistance Zone
85.32842 – 85.46046
Pending Supply Zone
Short Term Resistance Area
H1 Resistance Zone
84.27568 – 84.47885
Pending Supply Zone
Higher Time Frame Reaction Area
Session Strategy
However the structure remains under the bullish tone on h1 time frame, as the price hovers above the recent support at 77.50436 on h1. Meanwhile, a finish below 77.50436 on h1 time frame. However the price could tilt the bias to the downside bias and may build the fresh resistance at 78.06100 – 78.28754 on h1 time frame. Moreover, a breakout above 81.57589 on m15 time frame. Meanwhile the price could confirm the bullish structure and markout the fresh support at 85.46046 – 85.32842 on m15 time frame.
Nyc Session Outlook
Although the structure could manage to trade under the bullish structure on h1 time frame. Meanwhile the price operates above the recent low at 77.50436 on h1 time frame. However the projected support zone would remain intact on h1 time frame. On the other hand, sellers control the m15 time frame structure and trading below recent high at 81.63223 on m15 time frame. Meanwhile the previous resistance zones would remain effective on m15 time frame.
Key support & Resistance Zone
Support Zones
M15 Support Zone
77.51549 – 77.49412
Pending Demand Zone
Short Term Support Area
H1 Support Zone
77.61202 – 77.50436
Pending Demand Zone
Likely Support Reaction Area
Resistance Zones
M15 Resistance Zone
85.32842 – 85.46046
Pending Supply Zone
Short Term Resistance Area
H1 Resistance Zone
84.27568 – 84.47885
Pending Supply Zone
Higher Time Frame Reaction Area
Session Strategy
However the structure may remain leaned to the bullish tone on h1 time frame, as the price continues above the recent support at 77.50436 on h1. Meanwhile, a confirmed close below 77.50436 on h1 time frame. However the price may tilt the structure to the downside bias and could build the fresh resistance at 78.06100 – 78.28754 on h1 time frame. On the other hand, a sustained close above 81.63223 on m15 time frame. Meanwhile the price could confirm the bullish structure and markout the fresh support at 85.46046 – 85.32842 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