Heads up: we're seeing a few murmurs about
It's regarded as one of the most basic sell signals in
However, as the FT's Jamie Chisholm notes, "traders may position to exploit such a move, thereby exacerbating it."
The last time gold hit the "death cross" – in April 2012 – gold fell 9.1 percent over the next month before rebounding.
The previous "death cross" – which you have to go back to September 2008 to find – resulted in an 18 percent drop over the next 8 weeks before turning around and heading higher.
As of today, the gold price has fallen below both the 50-day and the 200-day moving averages.
Note: Each bar on the chart above represents one trading session.