http://prntscr.com/4vpv89
analysis for today 10 / 13 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GOLD on the date 10 / 10 / 2014
OPEN 1223.69
HIGH 1225.17
LOW 1217.24
CLOSED 1222.90
The third resistance (R3) 1225.17 - ( 1221.77 - 1217.24 = 4.53 x 2 = 9.06 )= 1234.23
The second Resistance (R2) 1221.77 + 1225.17 - 1217.24 = 1229.70
First resistance (R1) 1221.77 x 2 = 2443.54 - 1217.24 = 1226.30
pivot points 1225.17 + 1217.24 + 1222.90 = 3665.31 / 3 = 1221.77
Support for the first (S1) 1221.77 x 2 = 2443.54 - 1225.17 = 1218.37
Support second (S2) 1221.77 - ( 1225.17 - 1217.24 = 7.93 ) = 1213.84
Third Support (S3) 1217.24 - ( 1225.17 - 1221.77 = 3.40 x 2 = 6.80 )= 1210.44


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