Gold opened bearish below 1247.74. This now is resistance and the expected high for this Quarter. This quarter the low is expected to challenge the December low 1062.86, as shown with the projected bar, before moving back up to challenge 1200, and far too early but the expected bars for the final low into Q2 2017.
Support and resistance on fractals is as shown in the chart.
Q3 open is projected to open below 1203.16