TECHNICALS-Spot gold may edge up to $2,685

* For more technical analyses, click TECH/C SINGAPORE, Jan 10 (Reuters) - Spot gold XAU= may edge up to resistance at $2,685 per ounce, a break above which could open the way towards the $2,693 to $2,699 range. The resistance is identified as the 161.8% projection level of a wave c from $2,596. This wave may either end around this barrier or extend a lot beyond this point. A decent correction may occur around $2,685, regardless of whether the wave c extends. Support is at $2,664, a break below which could open the way towards the $2,643 to $2,651 range. On the daily chart, the metal is testing resistance at $2,676, a break above which may open the way towards the $2,721 to $2,759 range. However, the candlesticks forming between Jan. 7 and 9 are very small, signalling a diminishing momentum. It is doubtful that the market could break $2,676 and rise further. * 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/4joSAU7 tech https://tmsnrt.rs/40oIHhA ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^> (Reporting by Wang Tao; Editing by Subhranshu Sahu) (([email protected]; +65 6973 8364/9188 4196))