# Gold buyers defend the 61.8 line

> A short TradingView read on why gold's slide since early September has stalled right at a level buyers keep protecting.
- Title: Gold buyers defend the 61.8 line · TradingView | Shortify
- Summary: A short TradingView read on why gold's slide since early September has stalled right at a level buyers keep protecting. The 61.8% retracement is the line…
- Keywords: gold, xauusd, fibonacci, technical analysis, fomc, business, finance, buyers, defend, line, TradingView
- Source: TradingView — https://tradingview.com/chart/XAUUSD/Uwgl8ccT-GOLD-SELLER-FAILED-TO-PUSH-BELOW-61-8-FIBB-ZONE
- Published: 2026-09-15T18:50:14+00:00
- Read time: 1 min
- Topics: gold, xauusd, fibonacci, technical analysis, fomc, business, finance
## Gold has been grinding lower
Price on XAUUSD has consolidated downward since the start of September, drifting rather than crashing.

> Price has been consolidating downward since early September
## The 61.8 zone is holding
Sellers pushed at the 61.8% Fibonacci retracement and could not close below it. That failure is the whole point of the chart.
## Buyers keep showing up
Each test of the level has met enough demand to absorb the selling, which is why the floor has not given way.

> strong buyer pressure has prevented it from breaking below the 61.8% zone
## FOMC is the next test
Tomorrow's Federal Reserve announcement is the catalyst. It decides whether the support survives or gets broken on volume.
## A hold sets up the long
If the zone still holds after the news, the trader sees room for another major leg higher. The bias here is long.

> we could be setting up for another major move to the upside
## Read it as one view
This is a single trader's chart idea on TradingView, not a recommendation. TradingView states plainly that it does not endorse it.

> The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice
## Key takeaway

The 61.8% retracement is the line that matters. Hold it through FOMC and the upside case stays alive; lose it and the setup is void.