HXPM Gold market reviews on Apr. 29th, 2011: The Gold price continued increasing while it becomes more popular

Daily Gold Review: http://www.hx9999.com/en/trend_703.html

Market reviews of the previous day:
During NY session of 28 Apr, USD index rebounded slightly after falling to the lowest point within these 3 years.Fed purposed to maintain the rate at 0.The popularity of USD slumps but technically it is slowing down to fall.
Gold closed high on 28 Apr. Due to the downside of USD, gold recorded high again on Thursday. USD has felt down the lowest within these 3 years which is affected by the American Initial Application for Unemployment Benefits and the report of GDP at the beginning of this week.
Key Economic Data and Events:
GMT+8 17:00 Euro Zone Unemployment Rate (Mar)
GMT+8 17:00 Euro Zone CPI Index (Apr)
GMT+8 17:00 Euro Zone Services Confidence (Apr)
GMT+8 17:30 Switzerland KOF Leading Indicators (Apr)
GMT+8 20:30 Cancada GDP (Feb)
GMT+8 20:30 America Personal income (Mar)
GMT+8 21:45 America Chicago Purchasing Managers Index (Apr)
GMT+8 21:55 America Index Of Consumer Sentiment (Apr)
GMT+8 00:30 America Speech of federal reserve chairman Ben Bernanke
Gold:
Gold opened at 1526.55on 28 April, with intra-day Low at 1525.03 and intra-day High at 1538.40 USD, eventually closing at 1536.18USD. Intra-day range of 13.37USD was seen.
Gold continues its upward trend and it rised with volatility after the short-term irregular adjustment in the secondary patten.
Daily chart technically continues the upward trend, however, the ongoing trend in short-term may be adjusted. Theorectically the price would be at the range between 1546 and 1550.
Trading suggestion:
Setting the profit-taking at 1525 in long position; For the short position, when reaching the lower support of 1510, investor can consider buying in volatility.