TECHNICALS-Spot gold may retest support $2,610

* For more technical analyses, click TECH/C SINGAPORE, Nov 12 (Reuters) - Spot gold XAU= may retest support at $2,610 per ounce, a break below which could open the way towards $2,566 to $2,588 range. Five waves make up the trend from $2,790. The fifth wave labelled (e) is unfolding towards $2,566 to $2,588 range, as pointed by a falling trendline. The support at $2,610 temporarily holds. It triggered a minor bounce which may be limited to a resistance zone of $2,638 to $2,646. On the daily chart, a retracement analysis on the uptrend from $2,364 reveals a break below the 38.2% retracement of $2,629. The break opened the way towards $2,528 to $2,579 range. The depth of the current correction remains unclear. It may extend to the bottom of the wave 2 around $2,467 if it fails to stop above $2,579. * 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/3UMel5i xau https://tmsnrt.rs/4fFspFQ ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^> (Reporting by Wang Tao; Editing by Rashmi Aich) (([email protected]; +65 6973 8364/9188 4196))