Gold bearish engulfing pattern

The upward movement of gold prices seems failed to secure another bullish close. The price formed a bearish engulfing pattern and currently testing the $1,850 level. No breakout below the level and the bearish candlestick pattern low. Will gold prices bounce and continue the bullish trend? Alternatively, will it start moving lower and target $1,800 also daily SMA 200?

Today critical levels to watch:

Support: $1,850, $1,800, $1,780

Resistance: $1,953, $2,000

Silver closed below $25.00

Silver prices are expected to continue its bullish movement and target the $26.00 resistance level. However, the price formed a bearish close below $25.00 yesterday. No bearish follow-through yet today and the price stick near $25.00. If the price could close above $25.00 or the previous day’s high then the bullish movement is expected to continue.

Today Critical levels to watch:

Support: $23.90, $23.00, $21.35, $20.00

Resistance: $25.00, $26.00

Crude oil more sideway movement near $80.00

Crude oil prices printed another bearish close but the closing level has mostly been stable since the previous week. We expect the price to continue its bullish trend but a bearish correction toward $77.13 might happen. If the price manages to reach $77.13 then traders could prepare for long positions near the level.

Today critical level to watch:

Support: $77.13

Resistance: $82.72, $85.00, $90.00