HXPM Gold market reviews on Apr. 28th, 2011: The Gold price is going upwards under relased risk

Daily Gold Review: http://www.hx9999.com/en/trend_701.html

Market reviews of the previous day:
During NY session on 27th Apr,As expected, the Fed kept interest rates and the quantitative easing policy unchanged, The speech of Bernanke is weak. A tremendous gap is occoured compared to the market expectations. the US dollar index hit a three-year low.
Gold colsed and recorded high on 27 Apr because of the interest rate and quantitative easing policy are kept unchanged by the Fed and made the US dollars bearing pressure.Fed will maintain the rate unchanged at historically low and said it will be maintained its low for a longer period.
Key Economic Data and Events:
GMT+8 14:00 Germany GFK Consumer Confidence Barometer (May)
GMT+8 16:30 U.K. GDP (1st Q)
GMT+8 17:00 Euro Zone Industrial Orders (Feb)
GMT+8 20:30 U.S. Durable Orders (Mar)
GMT+8 00:30 U.S. Decision on Interest rate of Federal Reserve
GMT+8 02:15 U.S. Speech of Chaiman of Federal Reserve Ben S. Bernake
Gold :
Gold opened at 1506.16 USD on 27 Apr, with intra-day Low at 1503.39 USD and intra-day High at 1530.10 USD, eventually closing at 1526.98 USD. Intra-day range of 26.11 USD was seen.
Gold continued moving upwards after the Fed meeting about the releasing risk. The recent upward trend will be contiued after the bull candle.
Technically, the trend of moving upwards in daily chart is obvious even in short-term chart.Oscillations will continued when the price is moving near the channel.
Trading suggestions:
Investor should be kept caution on profit taking when buying in. Buyin in is suggested if there is a consolidation pattern in short-term chart.