It's Really Easy to Trade Gold (in Hindsight)

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Just doodling around with this current 4 Hour Chart of the Gold Continuous Contract (/GC), I convinced myself just how easy it is to use the True Strength Index (TSI) indicator to nail every top and bottom in the movement of this gold pararabolic.
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Heck, it's easy to trade just about anything well using the True Strength Index indicator.
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In hindsight, anyway. (lol)

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For my good friend Ron in Arizona - these two charts.  First, the gold parabolic of 1977 - 1980. And second, this look at gold from 2000 - present.
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It looks to me that once gold reached the mania phase in late 1979, its parabolic phase lasted all of about 6 weeks. In that time frame gold roughly doubled in value ($450 - $950). 30 months later gold lost all of the parabolic move and then some - finally reaching $300.  Enjoy!

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