TECHNICALS-Spot gold may rise towards $2,654 to $2,667 range

* For more technical analyses, click TECH/C SINGAPORE, Oct 1 (Reuters) - Spot gold XAU= may rise towards a range of $2,654 to $2,667 per ounce, following its stabilisation around $2,626. The correction from the Sept. 26 high of $2,685, or its first round, is presumed over. The presumption is based on the observation that the fall could be well divided into three small waves. The metal may bounce towards the peak of the wave b at $2,666. A break below $2,626 may trigger a drop to $2,611, as pointed by a falling trendline. On the daily chart, a projection analysis on the uptrend from $1,984 reveals support at $2,636, which is expected to trigger a bounce or at least hold for one or two days. * 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/4eppp06 tech https://tmsnrt.rs/4gJKl3s ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^> (Reporting by Wang Tao; Editing by Subhranshu Sahu) (([email protected]; +65 6973 8364/9188 4196))