TECHNICALS-Spot gold biased to bounce into $2,169-$2,175 range

* For more technical analyses, click TECH/C SINGAPORE, March 15 (Reuters) - Spot gold XAU= is biased to bounce into a range of $2,169-$2,175 per ounce, as it stabilised again around support at $2,152. The first bounce triggered by the support on March 12 defined a neutral range of $2,150-$2,180. The current bounce could be weaker than the first one, to be limited to $2,180. Wave pattern suggests a completion of a five-wave cycle from $2,024.32. Market may retrace towards the bottom of the wave (4) around $2,126. A break above $2,180 could open the way towards the March 8 high of $2,184.99. On the daily chart, the metal has been hovering below the resistance at $2,186 for a few days. The longer it stays below this level, the more likely it breaks support at $2,147 and fall towards $2,108, as a wave C from $1,984.09 may either extend to $2,310 or end around $2,186. ** Charts are unavailable in emails received through "Alert". To view charts, key in the news code TECH/C . ** 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/3TzPDVM tech https://tmsnrt.rs/3TaxFHK ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^> (Reporting by Wang Tao; Editing by Mrigank Dhaniwala) (([email protected]; +65 6973 8364/9188 4196))