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Oxus Gold stock (LSE:OXS) is an extremely volatile market where it seems the price is consolidating. A closer look reveals that the bulls appear to be having upper hands at the moment and therefore, the price could go upwards.
The price is currently above the EMA 21 and the Williams’ % Range period 20 is around the overbought territory. This proves that the price has a good possibility of moving upwards when it becomes directed towards a clean bias. The price may reach the resistance level at 2.5 eventually. Should this stock break out further northward in a determined way, we would like to ride it. Most of our gains would be realized from fewer winners out of all our trades. Traders can make many negative trades, and sadly fail to make some trades that can help them recover their losses. There are times when we make much money and there are times when we do not make money (neither would we lose money). Those who take advantage of setups that bring negativity may quit when they see setups that may bring winners.
This forecast is ended by the quote below:
“It soon becomes apparent that you will have to give something in order to gain something Golden ratio, proportionelse. This may sound rather like a paradox when applied to trading, but it holds true.” – Mercedes Oestermann van Essen
Learn from the Generals of the Markets: Market Generals
