According to the latest reports from NBC Sports, two-time US figure skating champion Gracie Gold has announced her withdrawal from the Grand Prix Series slated for November.

The 22-year-old champion said the reason for her withdrawal from the event, was due to her ongoing treatment for anxiety, depression and an eating disorder.

Gold first announced she was taking a break in September when she withdrew from a competition that was due to be held in Japan. At the time, Gold said she was seeking professional help, but did not specify the reason, stating only that it would make her 'a stronger and better person.'

Gold's statement

In a statement released to the press late on Friday afternoon, Gold said she was 'saddened' by not being able to participate in the Grand Prix Series, adding that it 'was for the best.'

She also noted that the time required to prepare for the event was inadequate, and would not allow her to compete at the level she wanted to, NBC Sports reported.

Gold thanked her fans, sponsors, US Figure Skating, coaches, as well as her family for the outpouring support she continued to receive.

Winter Olympics

Gold's announcement means that it will be unlikely for her to compete for a slot in the team that will represent the US in next year's Winter Olympics to be held in Pyeongchang, South Korea.

US team selection takes into consideration results of a figure skater from the Grand Prix Series, in addition to National and World championships for one to qualify to represent the country in the Olympics.

During the Sochi 2014 Winter Olympics, Gold managed to finish fourth in her individual event and went on to help the US win a Bronze medal in the team competition.

Signs of trouble.

After winning the 2014 and 2016 National Championships, Gold's form appeared to take a dip when she finished fourth at the 2016 World Championships held in Boston.

Last season, she publicly made a reference to body image and weight issues. Shortly thereafter, she parted ways with her long-time coach Frank Caroll, after finishing a disappointing sixth in the Nationals.

She then relocated to Boston and started working with Epstein and Zoueva as her new coaches.

Gold was scheduled to compete at the Internationaux de France in November, the Cup of China, and the US team selection for the 2018 Winter Olympics, where three slots in the individual category are up for grabs.

The US select team for the Olympics will be announced after the National Championships in January.