The precious metal fell near 5½-yea

The precious metal fell near 5½-year lows on Thursday after the second-quarter GDP number showed the U.S. economy is growing at a steady rate and comments from Fed Chair Janet Yellen on Wednesday pointed to the notion of a September rate hike.
Gold is now down 13 out of the past 15 trading sessions, and according to one highly regarded technician, it's about to get even worse.
Read MoreGold falls 1% as dollar rises on Fed rate expectations
"I think we have to recognize that gold is in a structural bear market," Louise Yamada, managing director of Louise Yamada Technical Advisors, said Thursday on CNBC's "Futures Now."
Gold is down more than 8 percent this year and is on track to notch its third straight year of losses. "It broke down in 2013, exactly the year that the S&P 500 and the market broke out into what we define as a structural bull market," said Yamada, who noted that stocks and gold tend to move inversely.

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Logam mulia jatuh dekat posisi terendah 5 ½ tahun pada hari Kamis setelah jumlah GDP kuartal kedua menunjukkan ekonomi AS tumbuh pada tingkat yang stabil dan komentar dari Fed Ketua Janet Yellen, Rabu menunjuk gagasan tentang kenaikan suku bunga September.
Emas sekarang turun 13 dari 15 sesi perdagangan terakhir, dan menurut salah satu teknisi sangat dihormati, itu akan mendapatkan bahkan lebih buruk.
Baca MoreGold jatuh 1% karena dolar naik pada ekspektasi Fed rate
"Saya pikir kita harus mengakui emas yang ada di struktural menanggung pasar, "Louise Yamada, managing director Louise Yamada Technical Advisor, Kamis di CNBC" Futures Sekarang. "
Emas turun lebih dari 8 persen tahun ini dan berada di trek untuk takik tahun ketiga berturut-turut kerugian. "Ini rusak pada 2013, tepat setahun bahwa S & P 500 dan pasar pecah menjadi apa yang kita definisikan sebagai pasar bull struktural," kata Yamada, yang mencatat bahwa saham dan emas cenderung bergerak terbalik.