TECHNICALS-Spot gold may edge up towards $2,346-$2,352 range

* For more technical analyses, click TECH/C SINGAPORE, June 20 (Reuters) - Spot gold XAU= may break resistance at $2,340 per ounce and edge up towards the $2,346-$2,352 range. The metal seems to have completed a sideways move around former resistance at $2,329. Driven by a wave c, is it likely to climb to $2,346, which is pointed by a falling trendline. A wedge suggests a higher target of $2,363. But a wedge is generally an unreliable pattern. The target of $2,363 will only be available when gold breaks $2,346. A fall to $2,323 would signal the completion of the wave c. A bearish target of $2,302 will be established accordingly. On the daily chart, a rising trendline suggests a deep fall towards $2,200. The downtrend from $2,449.89 has been characterized by deep falls and weak bounce. The bearish sentiment seems to be dominating the market psychology. Under these circumstances, a rise looks unreliable while a drop could be more trusted. * 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. <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ tech https://tmsnrt.rs/4b5pZxy xau https://tmsnrt.rs/3xqC8iQ ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^> (Reporting by Wang Tao; Editing by Sohini Goswami ) (([email protected]; +65 6973 8364/9188 4196))