TECHNICALS-Spot gold may retest support at $2,733

* For more technical analyses, click TECH/C SINGAPORE, Nov 4 (Reuters) - Spot gold XAU= may retest support at $2,733 per ounce, a break below which could open the way towards $2,704 to $2,718 range. The correction from $2,790 adopts a three-wave mode. The current wave c may either end around $2,726, or extend to $2,704. Given that the correction followed a completion of a five-wave cycle from $2,603, an extension of the wave c seems to be more likely. A break above $2,748 could open the way towards $2,762. A further rise would suggest the extension of the uptrend. On the daily chart, the completion of a five-wave cycle, coupled with the bearish divergence on MACD, suggests a deep correction. A rising trendline points at a target zone of $2,683 to $2,713. * 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. <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ tech https://tmsnrt.rs/3Aobl8o xau https://tmsnrt.rs/4fylSMX ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^> (Reporting by Wang Tao; Editing by Varun H K) (([email protected]; +65 6973 8364/9188 4196))