Gold: XAU/USD is testing trendline resistance at $3,325

LONDON (July 10) Gold (XAU/USD) found buyers right below the $3,300 level on Wednesday to regain some of the ground lost over the previous days. The retreat in US Yields is supporting the precious metal, but the broader trend remains bearish, while below the trendline resistance, at $3,325.
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The Minutes of the last Federal Reserve meeting heightened hopes of at least one rate cut in 2025, which snapped a five-day rally on US Treasury yields. The USDollar dropped across the board, and the yieldless Gold bounced up.

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