Gold 4hrs 
Gold Bounces up From weekly support 1 @ 1318 with a small retracement. Gold opens slightly above weekly fair value pivot @1406.684. if Gold bulls manages to sustain Mr price above this level then we could see the 1st attempt to take out the evening star formation @ 1423.883 a break above here would indicate further upside towards the 55DMA @ 1446 then the weekly R1 @ 1492.06 which is also the 61.8% fib from the initial swing down from highs @ 1580 To 1318.048
However
Gold Hrly Below
on the downside a failure below the weekly fair value pivot @1406.684 we could see an ABCD formation to the downside as the bears resume control and there march on down 1st destination 1376 the possible an attack of the lows again @ 1318.048 weekly support 1
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