TECHNICALS-Spot gold biased to fall towards $2,611 to $2,619 range

* For more technical analyses, click TECH/C SINGAPORE, Oct 8 (Reuters) - Spot gold XAU= is biased to break support at $2,633 per ounce, and fall towards $2,611 to $2,619 range. A wave C from the Oct. 1 high of $2,673 looks incomplete. It is supposed to travel below the bottom of the wave A round $2,626. A break above $2,654 could lead to a gain to $2,662 to $2,675 range. Such a gain may signal the continuation of the uptrend. On the daily chart, the metal remains neutral in a range of $2,636 to $2,683. The bias could be towards the downside, as market keeps testing the support at $2,636. Increasing the chance of a further drop is the fact that the current consolidation followed the reversal of the uptrend from the Sept. 4 low of $2,472. The consolidation may extend further. * 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/3Y07RAC tech https://tmsnrt.rs/3XWNUuv ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^> (Reporting by Wang Tao;) (([email protected]; +65 6973 8364/9188 4196))