SPDR Gold Shares ( $GLD US$(O87.SI)$ ) tracks the price of gold bullion, offering Singapore investors direct exposure to gold through a locally listed ETF. It is one of the most actively traded gold-linked instruments on the SGX. Daily Chart: Downtrend Intact, but Price Finds Footing at Support Since January 2026, O87 has been forming lower highs and lower lows — a textbook downtrend market structure. However, price has found support near the previous major low around $361-362 and has stabilised in this area. Notably, O87 has retested this support zone on two separate occasions — once around mid-June and again in mid-July — holding above it each time without a decisive breakdown. This does not signal a reversal. But it does suggest that se