A new approach to the study of spectral asymmetry for systems of partial differential equations (PDEs) on closed manifolds was proposed in a recent series of papers by the first author and collaborator. They showed that information on spectral asymmetry can be encoded within and recovered from a negative order pseudodifferential operator -- the asymmetry operator -- constructed from appropriately defined pseudodifferential (spectral) projections. In this manuscript we apply these techniques to the study of the massless Dirac operator; in particular, we compute the principal symbol of the asymmetry operator, accounting for the underlying gauge invariance.