http://prntscr.com/4ryu4p
analysis for today 10 / 1 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GOLD on the date 9 / 30 / 2014
OPEN 1215.40
HIGH 1218.72
LOW 1214.68
CLOSED 1217.63
The third resistance (R3) 1218.72 - ( 1217.01 - 1214.68 = 2.33 x 2 = 4.66 )= 1223.38
The second Resistance (R2) 1217.01 + 1218.72 - 1214.68 = 1221.05
First resistance (R1) 1217.01 x 2 = 2434.02 - 1214.68 = 1219.34
pivot points 1218.72 + 1214.68 + 1217.63 = 3651.03 / 3 = 1217.01
Support for the first (S1) 1217.01 x 2 = 2434.02 - 1218.72 = 1215.30
Support second (S2) 1217.01 - ( 1218.72 - 1214.68 = 4.04 ) = 1212.97
Third Support (S3) 1214.68 - ( 1218.72 - 1217.01 = 1.71 x 2 = 3.42 )= 1211.26