Thoughts on XAUUSD's reaction to 2000

Been watching XAUUSD's dance around the 2000 psychological level for a bit now. The rejection around that area has been fairly consistent, suggesting some serious supply sitting there. If we see a sustained push back above 2005, then that breakdown scenario I'm currently leaning towards would be invalidated, and we'd likely be looking at a retest of the recent highs. Below 1980, however, and the path opens up for a move towards 1960 fairly quickly. It's not a strong conviction play for me either way yet, but the market's indecision at this pivot point is pretty clear.