GOLD TECHNICAL ANALYSIS – Prices turned lower as expected, confirming a descending Triangle chart formation. Sellers are testing support at 1243.24, the 76.4% Fibonacci expansion. A break below this boundary exposes the 100% level at 1216.11. Resistance is at 1260.03, the 61.8% Fib, with a reversal back above that clearing the way for an advance into the 1273.59-77.00 area marked by the 50% retracement and the Triangle bottom.
can i check why this counter, SPDR GLD 10 US$ listed on SGX has a price which is different from spot gold prices? sg.finance.yahoo.com/q?s=GLD Is it due to difference in weight measurement? Thanks for your advice