The True Strength Index (TSI) indicator has now given us a sell signal for GOLD on every timeframe but the daily and weekly. And until it does I am not confident, yet, in calling a top in GOLD's price (though I did buy DZZ today because I believe the top, if not here, is very close).
This first chart takes a look at the 4 hour time frame of Silver's recent parabolic top. We note that price bounced around violently within a band of about 10% below the parabolic top. Meanwhile, the TSI and VolumeFlowIndicator (below price) continued to agonizingly fade lower and lower - making a noticable negative divergence.
This second chart is also a 4 hour time frame look, but this time at Gold. I have identified the SELL signal using a red line and arrow. We can see that gold has already made one attempt to make a new high which failed by $1.60. No doubt traders will keep trying to surpass $1782.50. They may even make it, but I bet the negative divergence with the indicators below will say they tried in vain.