Bobby's Homework Assignment:Gold lower6.14.23 The gold Looks like it's going to move lower because of the way the market closed today. On a daily chart or 240 minute chart the market look like it was stuck at a support area and that it wasn't going to move lower. In fact the gold moved higher on the open.... it retested the gap lower... and then it made a new low for the day. the daily chart and the -Hour chart are great charts. However,the monthly chart can give you a perspective that is different than the lower time frames...and this may provide more clarity and better trade decisions.The feature of the monthly chart Is that it shows tremendous range without too much structure. On a monthly chart of gold you see nice, clean Swings with no evidence of structure. So each Wing has a relatively similar, Reversal swing the next month.. with lots of range on each successive swing trading in the other direction... and that is because the monthly chart doesn't see all the minor structural stuff that you would see on the smaller time frame chart. Sometimes this is very helpful and helps you gauge potential price action that you could never appreciate on a smaller time frame. It is not perfect... but it helps you see what the market can do. Whether it is right or wrong. I think the monthly Gold chart Gives me the perspective that Gold's going to go lower that is harder to see on the lower time frames. Nothing is a guarantee because the market never trades to my influence because I never have enough influence to change the market... but certain time frames will facilitate trade decisions, and I believe it pays to reference more than one time frame.... and you'll know when you have the time frame you need to focus on. It's worth the effort to spend a few minutes Looking at a couple of time frames and not Worrying about Conflicting signals because you're looking at a couple of different time frames because you will work Be able to work out the conflicts in most cases and make better trade decisions.