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analysis for today 5 / 30 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GOLD on the date 5 / 29 / 2014
OPEN 1257.90
HIGH 1260.18
LOW 1251.32
CLOSED 1255.46
The third resistance (R3) 1260.18 - ( 1255.65 - 1251.32 = 4.33 x 2 = 8.67 )= 1268.85
The second Resistance (R2) 1255.65 + 1260.18 - 1251.32 = 1264.51
First resistance (R1) 1255.65 x 2 = 2511.31 - 1251.32 = 1259.99
pivot points 1260.18 + 1251.32 + 1255.46 = 3766.96 / 3 = 1255.65
Support for the first (S1) 1255.65 x 2 = 2511.31 - 1260.18 = 1251.13
Support second (S2) 1255.65 - ( 1260.18 - 1251.32 = 8.86 ) = 1246.79
Third Support (S3) 1251.32 - ( 1260.18 - 1255.65 = 4.53 x 2 = 9.05 )= 1242.27
analysis for today 5 / 30 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GOLD on the date 5 / 29 / 2014
OPEN 1257.90
HIGH 1260.18
LOW 1251.32
CLOSED 1255.46
The third resistance (R3) 1260.18 - ( 1255.65 - 1251.32 = 4.33 x 2 = 8.67 )= 1268.85
The second Resistance (R2) 1255.65 + 1260.18 - 1251.32 = 1264.51
First resistance (R1) 1255.65 x 2 = 2511.31 - 1251.32 = 1259.99
pivot points 1260.18 + 1251.32 + 1255.46 = 3766.96 / 3 = 1255.65
Support for the first (S1) 1255.65 x 2 = 2511.31 - 1260.18 = 1251.13
Support second (S2) 1255.65 - ( 1260.18 - 1251.32 = 8.86 ) = 1246.79
Third Support (S3) 1251.32 - ( 1260.18 - 1255.65 = 4.53 x 2 = 9.05 )= 1242.27
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