Each dot is one round: gold when you got it right, hollow when you did not. The gap shrinks after right answers and widens after a miss, and settles around the smallest difference you can hear. The dashed line is your result.
Headphones in a quiet room work best. Use the buttons, or ↑ for higher and ↓ for lower. Not sure? Make your best guess: the test is built to expect some misses.