Gold Vs Credit Suisse CDS
Updated
Swiss banking giant Credit Suisse under deep trouble. Its five-year credit default swaps (CDS) rose by 6 basis points to close to 248 bpbs, the highest level since 2008 (Lehman brothers moment). It has increased the demand for safe-haven assets like Gold.
It is good to buy on dips around $1660-61 with SL around $1640 for TP of $1700/$1740.
It is good to buy on dips around $1660-61 with SL around $1640 for TP of $1700/$1740.
Note
Target 1 achieved. Further jump to $1740 possible
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.