Gold Miners

Precious metals remain under pressure after Wednesday’s CPI report, with gold, silver, platinum and miners testing important support zones. Technical traders are watching for a final washout into October before a potential resumption of the broader uptrend after the midterm elections.

Gold is undergoing its first meaningful retreat after a mid-year bottom, with technical traders watching the 50-day EMA and deeper support near $4,200. Miners remain a key focus after a powerful rebound, while Bitcoin’s late-August surge still requires confirmation above $85,000.