TECHNICALS-Spot gold may retest resistance at $2,700

* For more technical analyses, click TECH/C SINGAPORE, Jan 13 (Reuters) - Spot gold XAU= may retest resistance at $2,700 per ounce, a break above which could open the way towards $2,707-$2,715 range. The metal has briefly surged above key barrier at $2,686, the 161.8% projection level of a wave c from $2,596. Given that this wave has not completed around $2,686, it is likely to extend into $2,728-$2,741 range. Support is fixed at $2,673, where a rising trendline crosses. A break below the support could trigger a drop into $2,652-$2,665 range. On the daily chart, the metal has broken resistance at $2,676. The break opened the way towards $2,721. It is not very clear if the market could break $2,721 and rise further as strong resistance is observed around this level. The peak of a wave b is close to $2,721, working as strong resistance as well. A break above this resistance would be followed by a rise towards $2,759-$2,793 range. * 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/3PtT51k tech https://tmsnrt.rs/3PuXlh5 ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^> (Reporting by Wang Tao; Editing by Sumana Nandy) (([email protected]; +65 6973 8364/9188 4196))