Gold's rejection from the resistance of $2,075 has led to a small retracement so far. The indicators are now a little mixed but bulls still have the upper hand

Gold is struggling to overcome the resistance of $2,075 as highlighted by the red oval. Currently, the commodity is trading at around $2,049 an ounce. The support here now is yesterday’s low of $2,030, a break below this price level would then shift the focus to $2,016. A move below $2,106 would not necessarily mean that the bulls would be on the back foot as the previous key support levels of $1,973 and $1,931 are still in order as well (green ovals). On the other hand, towards the upside, if gold manages to break above the resistance of $2,075 then the next target for the bulls would be the all-time high of $2,146. The technical indicators on the daily interval are a little mixed right now, not offering much clarity. The MACD has just turned slightly negative but the RSI is neutral/flat as it reads 53.