TECHNICALS-Spot gold neutral in $2,473 to $2,511 range

* For more technical analyses, click TECH/C SINGAPORE, Sept 5 (Reuters) - Spot gold XAU= looks neutral in a range of $2,473 to $2,511 per ounce, and an escape could suggest a direction. The metal failed twice to break support at $2,473. Even though the failure does not necessarily mean a rise towards $2,511, the market could at least hover above this barrier for one or two days. A break above $2,511 would suggest a continuation of the uptrend towards $2,559, while a break below $2,473 could open the way towards $2,434. A rising wedge suggests a downside bias. On the hourly chart, the current bounce is controlled by a set of retracements on the fall from $2,529. Weakness is seen around the 50% level of $2,500. A break below $2,493 followed by a drop towards $2,485 seems more likely than a rise towards $2,507. * Wang Tao is a Reuters market analyst for commodities and energy technicals. The views expressed are his own. ** No information in this analysis should be considered as being business, financial or legal advice. Each reader should consult their own professional or other advisers for business, financial or legal advice regarding the products mentioned in the analyses. <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ xau https://tmsnrt.rs/3My6F2g tech https://tmsnrt.rs/3MA4Ul4 ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^> (Reporting by Wang Tao; Editing by Subhranshu Sahu) (([email protected]; +65 6973 8364/9188 4196))