Technical alert sounded! Gold price plunges 14% in Q2, "death cross" appears for the first time releasing a bearish signal.

According to the Securities Times financial app, in the second quarter of this year, the price of spot gold fell by about 14%, marking the largest quarterly decline since 2013. After hitting a new high of $5400 at the beginning of the year, gold is now struggling repeatedly around the $4000 level. In addition, a "death cross" formation has appeared in the technical analysis, indicating that there may be even greater downward pressure on the price of gold in the future.