TECHNICALS-Spot gold may rise into $2,638-$2,646 range

* For more technical analyses, click TECH/C SINGAPORE, Nov 19 (Reuters) - Spot gold XAU= may rise into a range of $2,638 to $2,646 per ounce, as it shows little sign of completing around the peak of the wave 4 at $2,619. The current rise still observes a set of projection levels on the fall from $2,762. A falling trendline suggests a target zone of $2,638 to $2,646. A retracement analysis on the fall from $2,793 to $2,536 marks a bigger range of $2,634 to $2,665. Support is at $2,602, a break below could trigger a drop into the $2,574 to $2,588 range. On the daily chart, the strong rise on Monday signals a resumption of the uptrend within a rising channel. A retracement analysis on the uptrend from $2,295 to $2,793 reveals a break above the 38.2% level. The break may lead to a gain to $2,676. * 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/3CDj832 tech https://tmsnrt.rs/3OducWO ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^> (Reporting by Wang Tao; Editing by Sherry Jacob-Phillips) (([email protected]; +65 6973 8364/9188 4196))