It's been another tough year for gold.
The precious metal has fallen 10 percent in 2015 and is tracking for its longest yearly losing streak since 1998. And according to one technician, the pain will continue heading into 2016.
"I think there's still downside here," Rich Ross said Monday on CNBC's "Trading Nation." Gold prices got a bid last week on the heels of a surprise stimulus package from European Central Bank President Mario Draghi as well as a strong jobs number on Friday. "However, we've seen those trends reverse, and I think ultimately gold is going to wilt over that pressure." Gold closed Monday's session down 1 percent.