TECHNICALS-Spot gold may retest support at $2,638

* For more technical analyses, click TECH/C SINGAPORE, Dec 5 (Reuters) - Spot gold XAU= may retest support at $2,638 per ounce, and a break below it could open the way towards $2,608 to $2,621 range. The metal stays below the peak of a wave b at $2,666 and a rising trendline. It is still likely to fall towards the bottom of the wave a at $2,605. The assumption is that a wave c from $2,666 has not completed. It is supposed to travel far below $2,605. This bearish outlook will be revised, once market breaks above $2,666. On the daily chart, signals are neutral as the metal is stuck in a narrow range of $2,603 to $2,676. The sideways move over the past few days has been overshadowed by the big black candle on Nov. 25. The bias looks towards the downside. * 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/4eXZFYc tech https://tmsnrt.rs/3D9F2ec ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^> (Reporting by Wang Tao; Editing by Varun H K) (([email protected]; +65 6973 8364/9188 4196))