XAUUSD M30: Bearish outlook seen, further downside below 1984.00

On the M30 time frame, prices are approaching the resistance zone at 1984.00 which coincides with the 61.8% Fibonacci retracement and a pullback to this zone could present an opportunity to play the drop to the support zone at 1951.80. Stochastic is also in the overbought region and an exit of this region could see prices push lower.