TECHNICALS-Spot gold may rise into $2,678-$2,695 range

* For more technical analyses, click TECH/C SINGAPORE, Nov 29 (Reuters) - Spot gold XAU= may rise into a range of $2,678 to $2,695 per ounce as it has broken resistance at $2,651. The next resistance will be at $2,678. Wave pattern suggests a target of $2,689, the peak of a small wave b. A rise to this high will be considered the early sign that the uptrend from $2,537 has resumed. A break below $2,651, now support, may trigger a drop into the $2,581-$2,608 range. On the daily chart, a target of $2,676 has been resumed. However, the following rise will still be overshadowed by the big black candle on Nov. 25. Until the resistance at $2,721 is broken, the metal may suddenly turn around and fall. * 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/4g6hzZK tech https://tmsnrt.rs/4eMO8eh ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^> (Reporting by Wang Tao; Editing by Sumana Nandy) (([email protected]; +65 6973 8364/9188 4196))