TECHNICALS-Spot gold may rise to $2,696

* For more technical analyses, click TECH/C SINGAPORE, Dec 10 (Reuters) - Spot gold XAU= may break resistance at $2,675 per ounce and rise to $2,696. The gain on Monday confirmed a wave C which is expected to travel into a range of $2,718 to $2,788. The shallow correction triggered by the resistance at $2,675 has been almost reversed. The reversal suggests a strong bullish sentiment, which supports a further gain. A fall below $2,656 may signal the completion of the first part of the wave c. A further drop towards $2,632 will be likely. On the daily chart, the metal is about to get out of the neutral range of $2,603 to $2,676. Even though the chance of a rise to $2,721 is high, gold would need to break this level to confirm a continuation of the uptrend. * 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/4f8Ys0k tech https://tmsnrt.rs/4gtvetU ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^> (Reporting by Wang Tao; Editing by Mrigank Dhaniwala) (([email protected]; +65 6973 8364/9188 4196))