Gold consolidating at resistance level

The 2,000 resistance region that we indicated last week proves to be a strong resistance as price attempts to trade above the resistance multiple times but failed.

However there is no strong price reversal yet as it continues to trade around the resistance region.

Any breakout of the 1975 minor support can push price towards the 1940 key support region. If the 1940 key resistance is breached, it can be the initial sign of a big reversal.