Yes! It's very simple:

* Everyone with Gold Standing will get into the pit - just that fanclub members will be let in earlier, therefore will probably take the front couple of rows.

You'll be in the pit - obviously, the earlier you queue up, the closer to the front you'll be - behind the fan club members who got their early entry. Only you can decide what you do about queuing. Don't fret - you bought Gold Standing , which was advertised as the pit, and it will get you access - just after the FC members.