It just keeps getting worse for gold.
Down 35 percent from its 2011 peak, the yellow metal has lost some $50 per troy ounce in the past week. And master technical analyst Louise Yamada doesn't see the pain ending anytime soon.
"The bigger the drop, the bigger the need for repair," Yamada said on Tuesday's "Futures Now."
Unfortunately, at this time, "All the momentum indicators — daily, weekly and monthly, which is the most structural — are looking very negative."
What makes this so troubling is that gold is getting close to a critical level.