XAUUSD 15M: Bearish outlook seen, further downside below 1980.5
On the 15M timeframe, price hovering over the support zone at 1985.5. A pullback to the resistance zone at 1990, which coincides with the 61.8% Fibonacci retracement, and a break below downside confirmation at 1985.5 could present an opportunity to play the drop to the support zone at 1980.5. Price is holding below ichimoku clouds and 20 EMA, supporting our bearish bias.