HXPM Gold market reviews on Apr. 15th, 2011: Freshed records, but endurity under observation

Daily Gold Review: http://www.hx9999.com/en/trend_681.html

Market Reviews of the Pervious Day:
During NY session on 14 Apr, the greenback dropped against a basket of currencies. Swiss franc triggered record high and euro reached the 15-month high. It was expected that solvency crisis among Greece and Portugal would be under control. Moreove interest hikes of European Central Bank was likely to continue. The dollar would further weakened if the Federal Reserve’s poliy remained unchanged.
Gold ended higher on 14 Apr on the falling greenback, defensive demand, heating inflation woes. Market also eyed if Greece would seek debt restructuring. Gold rised sharply as those favourable factors mixed.
Key Economic Data and Events:
GMT+8 17:00 Euro Zone Consumer Price Index (Mar)
GMT+8 17:00 Euro Zone Balance of Payments (Feb)
GMT+8 20:30 U.S. Consumer Price Index (Mar)
GMT+8 21:10 U.S. Net Long-Term Capital Inflow (Feb)
GMT+8 20:30 U.S. Industrial Production (Mar)
Gold:
Gold opened at 1457.48 USD on 14 Apr, with intra-day Low at 1453.71 USD and intra-day High at 1474.92 USD, eventually closing at 1474.40 USD. Intra-day range of 21.21 USD was seen.
Cold headed upward on Thursday, closing with a long bulliush candlestick. Record of 1474.92 USD was hit during the early Asian session.
Technically apparent upside trend was seen according to daily chart while technical indicators had been recovering.
Gold was predicted to have a correction for the upside market on 28 Mar. Further upside momentums should be tentative.
Trading suggestions:
Correction should continue. Investors are suggested to reduce or close the long position. Selling pressure should exist if the commodity retreats to the lower of 1476 USD.