http://prntscr.com/4jhx8n
analysis for today 9 / 4 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GOLD on the date 9 / 3 / 2014
OPEN 1265.68
HIGH 1271.14
LOW 1261.11
CLOSED 1269.07
The third resistance (R3) 1271.14 - ( 1267.11 - 1261.11 = 6.00 x 2 = 11.99 )= 1283.13
The second Resistance (R2) 1267.11 + 1271.14 - 1261.11 = 1277.14
First resistance (R1) 1267.11 x 2 = 2534.21 - 1261.11 = 1273.10
pivot points 1271.14 + 1261.11 + 1269.07 = 3801.32 / 3 = 1267.11
Support for the first (S1) 1267.11 x 2 = 2534.21 - 1271.14 = 1263.07
Support second (S2) 1267.11 - ( 1271.14 - 1261.11 = 10.03 ) = 1257.08
Third Support (S3) 1261.11 - ( 1271.14 - 1267.11 = 4.03 x 2 = 8.07 )= 1253.04