TECHNICALS-Spot gold may fall towards $2,302

* For more technical analyses, click TECH/C SINGAPORE, June 3 (Reuters) - Spot gold XAU= may break support at $2,319 per ounce, and fall towards $2,302. A head-and-shoulders that developed from May 10 is taking shape. Its neckline established support at $2,319, a break below which could confirm this pattern and a bearish target of $2,205. Resistance is at $2,340, a break above which may trigger a gain towards $2,363. On the daily chart, a falling three methods and a bearish flag were confirmed. The latter suggests a target of $2,205 as well. The brief gain to the May 31 high of $2,359.53 is classified as a pullback towards the flag. A fall below the same day low of $2,320.34 would signal the continuation of the downtrend towards a rising trendline, which points at a target around $2,200. * 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/3RbSv9w tech https://tmsnrt.rs/3X7sVq6 ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^> (Reporting by Wang Tao; Editing by Subhranshu Sahu ) (([email protected]; +65 6973 8364/9188 4196))