Classic pivot points from the previous session's High, Low, and Close — the same reference levels most gold day traders watch for intraday support and resistance. Works for any instrument, not just XAU/USD, if you enter its previous session data instead.
The Pivot Point (PP) is the average of the previous session's high, low, and close — treated as the "fair value" line for the new session. Price trading above PP is generally read as bullish bias for the session, below PP as bearish bias. R1/R2/R3 and S1/S2/S3 are the resistance and support levels price is statistically more likely to react at, based purely on the prior session's range — not a guarantee, but a widely-used reference point.