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analysis for today 7 / 10 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GOLD on the date 7 / 9 / 2014
OPEN 1318.87
HIGH 1331.79
LOW 1317.61
CLOSED 1327.54
The third resistance (R3) 1331.79 - ( 1325.65 - 1317.61 = 8.04 x 2 = 16.07 )= 1347.86
The second Resistance (R2) 1325.65 + 1331.79 - 1317.61 = 1339.83
First resistance (R1) 1325.65 x 2 = 2651.29 - 1317.61 = 1333.68
pivot points 1331.79 + 1317.61 + 1327.54 = 3976.94 / 3 = 1325.65
Support for the first (S1) 1325.65 x 2 = 2651.29 - 1331.79 = 1319.50
Support second (S2) 1325.65 - ( 1331.79 - 1317.61 = 14.18 ) = 1311.47
Third Support (S3) 1317.61 - ( 1331.79 - 1325.65 = 6.14 x 2 = 12.29 )= 1305.32
analysis for today 7 / 10 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GOLD on the date 7 / 9 / 2014
OPEN 1318.87
HIGH 1331.79
LOW 1317.61
CLOSED 1327.54
The third resistance (R3) 1331.79 - ( 1325.65 - 1317.61 = 8.04 x 2 = 16.07 )= 1347.86
The second Resistance (R2) 1325.65 + 1331.79 - 1317.61 = 1339.83
First resistance (R1) 1325.65 x 2 = 2651.29 - 1317.61 = 1333.68
pivot points 1331.79 + 1317.61 + 1327.54 = 3976.94 / 3 = 1325.65
Support for the first (S1) 1325.65 x 2 = 2651.29 - 1331.79 = 1319.50
Support second (S2) 1325.65 - ( 1331.79 - 1317.61 = 14.18 ) = 1311.47
Third Support (S3) 1317.61 - ( 1331.79 - 1325.65 = 6.14 x 2 = 12.29 )= 1305.32
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