Why Traders Following Indicators Are Still Getting Hurt

This week’s gold move shows exactly where they go wrong.

This Week in Investing

Gold is holding steady around $4,150–$4,170 after failing to break above the $4,160 zone.
The broader trend is still positive, with bulls eyeing $4,245 next — and possibly the record high at $4,380 if momentum continues.

On the downside, support sits at:

  • 55-day SMA: $3,987

  • Weekly low: $3,886

  • Fib 50%: $3,750

Fundamentals remain supportive:
A weaker USD, softening yields, geopolitical tension, and an 80% chance of a December Fed cut continue to keep gold well-bid.

⚠️ The Real Lesson for Traders

Moves like this highlight something important:

Indicators alone don’t explain why price moves.

RSI, SMA, ADX and Fibs show levels —
but the drivers are still:

  • Rate-cut expectations

  • Risk sentiment

  • USD strength

  • Geopolitical mood

This is where many traders lose money:
they follow indicators blindly, without understanding the catalyst behind the move.

👇 Keep reading to learn why indicators alone aren’t enough and how this mistake is costing traders every week.

Free Workshop Invitation

Lost $20,000 USD following Forex signals?! Here’s what happened…

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Most Forex traders think big losses won’t happen to them.

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He passed 3 prop firm challenges.

Withdrawing $12,000 USD in just 2 weeks. 

What changed?

His change in mindset.

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Don’t let blind following cost you thousands.

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📅 4th December, Thursday

𝟳:𝟯𝟬 𝗣𝗠 – 𝟭𝟬:𝟬𝟬 𝗣𝗠 (𝗦𝗚𝗧+𝟴)

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That’s a wrap for this week!

As always, Next Levellers, let’s keep levelling up.

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Next Level Academy Team

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