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analysis for today 6 / 2 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GOLD on the date 5 / 30 / 2014
OPEN 1255.46
HIGH 1260.15
LOW 1242.11
CLOSED 1249.32
The third resistance (R3) 1260.15 - ( 1250.53 - 1242.11 = 8.42 x 2 = 16.83 )= 1276.98
The second Resistance (R2) 1250.53 + 1260.15 - 1242.11 = 1268.57
First resistance (R1) 1250.53 x 2 = 2501.05 - 1242.11 = 1258.94
pivot points 1260.15 + 1242.11 + 1249.32 = 3751.58 / 3 = 1250.53
Support for the first (S1) 1250.53 x 2 = 2501.05 - 1260.15 = 1240.90
Support second (S2) 1250.53 - ( 1260.15 - 1242.11 = 18.04 ) = 1232.49
Third Support (S3) 1242.11 - ( 1260.15 - 1250.53 = 9.62 x 2 = 19.25 )= 1222.86
analysis for today 6 / 2 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GOLD on the date 5 / 30 / 2014
OPEN 1255.46
HIGH 1260.15
LOW 1242.11
CLOSED 1249.32
The third resistance (R3) 1260.15 - ( 1250.53 - 1242.11 = 8.42 x 2 = 16.83 )= 1276.98
The second Resistance (R2) 1250.53 + 1260.15 - 1242.11 = 1268.57
First resistance (R1) 1250.53 x 2 = 2501.05 - 1242.11 = 1258.94
pivot points 1260.15 + 1242.11 + 1249.32 = 3751.58 / 3 = 1250.53
Support for the first (S1) 1250.53 x 2 = 2501.05 - 1260.15 = 1240.90
Support second (S2) 1250.53 - ( 1260.15 - 1242.11 = 18.04 ) = 1232.49
Third Support (S3) 1242.11 - ( 1260.15 - 1250.53 = 9.62 x 2 = 19.25 )= 1222.86
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