TECHNICALS-Spot gold may test resistance at $2,340

* For more technical analyses, click TECH/C SINGAPORE, June 19 (Reuters) - Spot gold XAU= may test resistance at $2,340 per ounce, a break above which could open the way towards the $2,352-$2,363 range. The bounce from the June 10 low of $2,286.69 looks incomplete. It consists of three waves. The current wave c may travel above the peak of the wave a around $2,340. A triangle has been more or less confirmed, suggesting a target of $2,363. A drop to $2,319 would make invalid both the pattern and the bullish target. On the daily chart, the bounce from the June 7 low of $2,286.50 looks exhausted, as it is unable to extend above resistance at $2,333. Even a break above this resistance may not trigger any impressive gains, as the market is still overshadowed by the deep drop on June 7. Given that hourly chart signals turned a bit bullish, the market may edge up towards a short falling trendline and resume its drop again. * 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/3VLSGv3 tech https://tmsnrt.rs/3XvfkJp ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^> (Reporting by Wang Tao; Editing by Eileen Soreng ) (([email protected]; +65 6973 8364/9188 4196))