Investezo › Big weekend gaps › 2 Dec 2016
Gold weekend gap after Friday 2 Dec 2016: +0.73%
Gold's last hourly close on Friday 2 Dec 2016 was US$1,176.87. After 50 hours with no bars it reopened at US$1,185.41, 0.7257% higher. That makes it the 18th largest of the 499 weekend gaps from 2015 to 2024 in this data, and it was filled after 2 hours.
The gap in numbers
| Friday's last hourly bar | Fri 2 Dec 2016 23:00 |
| Friday's last hourly close | US$1,176.87 |
| First hourly bar after the weekend | Mon 5 Dec 2016 01:00 |
| Reopen price (first hourly open) | US$1,185.41 |
| Gap | +0.7257% · US$8.54 |
| Hours with no bars | 50 |
| Rank among 499 weekend gaps 2015–2024 (by size) | 18th |
| Rank among the 49 gaps of 2016 | 4th |
| Gold in the week before (Friday close vs Friday a week earlier) | -0.58% |
Did the gap fill?
Yes. Price first traded back to Friday's close of US$1,176.87 in the hourly bar of Mon 5 Dec 2016 03:00, 2 hours after the reopen. Up to that bar, the furthest point away from Friday's close was US$1,187.93 (+0.94%).
The first trading day after the gap
Daily bar for 5 Dec 2016: open US$1,185.41, high US$1,187.93, low US$1,157.04, close US$1,170.03. Close to close against Friday's daily close of US$1,176.87 that is -0.58%, with US$30.89 between high and low.
Hourly bars around the gap
| Bar (data time) | Open | High | Low | Close |
|---|---|---|---|---|
| Fri 2 Dec 2016 18:00 (before) | US$1,174.15 | US$1,176.26 | US$1,173.06 | US$1,175.20 |
| Fri 2 Dec 2016 19:00 (before) | US$1,175.14 | US$1,177.27 | US$1,174.92 | US$1,175.27 |
| Fri 2 Dec 2016 20:00 (before) | US$1,175.23 | US$1,176.17 | US$1,173.89 | US$1,174.67 |
| Fri 2 Dec 2016 21:00 (before) | US$1,174.68 | US$1,175.30 | US$1,172.86 | US$1,174.44 |
| Fri 2 Dec 2016 22:00 (before) | US$1,174.44 | US$1,175.85 | US$1,173.35 | US$1,175.69 |
| Fri 2 Dec 2016 23:00 (before) | US$1,175.59 | US$1,177.52 | US$1,173.33 | US$1,176.87 |
| Mon 5 Dec 2016 01:00 | US$1,185.41 | US$1,187.93 | US$1,177.63 | US$1,180.18 |
| Mon 5 Dec 2016 02:00 | US$1,180.08 | US$1,181.31 | US$1,177.69 | US$1,179.15 |
| Mon 5 Dec 2016 03:00 | US$1,179.23 | US$1,179.38 | US$1,172.24 | US$1,172.77 |
| Mon 5 Dec 2016 04:00 | US$1,172.92 | US$1,175.99 | US$1,171.50 | US$1,175.51 |
| Mon 5 Dec 2016 05:00 | US$1,175.51 | US$1,177.69 | US$1,174.60 | US$1,176.67 |
| Mon 5 Dec 2016 06:00 | US$1,176.69 | US$1,176.87 | US$1,174.97 | US$1,175.49 |
| Mon 5 Dec 2016 07:00 | US$1,175.67 | US$1,177.57 | US$1,175.46 | US$1,177.39 |
| Mon 5 Dec 2016 08:00 | US$1,177.39 | US$1,177.76 | US$1,173.76 | US$1,174.31 |
| Mon 5 Dec 2016 09:00 | US$1,174.35 | US$1,174.35 | US$1,171.09 | US$1,172.67 |
| Mon 5 Dec 2016 10:00 | US$1,172.59 | US$1,173.18 | US$1,162.36 | US$1,163.42 |
| Mon 5 Dec 2016 11:00 | US$1,163.42 | US$1,166.71 | US$1,163.37 | US$1,165.69 |
| Mon 5 Dec 2016 12:00 | US$1,165.72 | US$1,166.06 | US$1,163.83 | US$1,165.04 |
Context
2016 had 49 weekend gaps in this data; this was the 4th largest. More numbers for that time: gold in December 2016 and gold in 2016.
What a gap like this means for an open trade
No price traded between US$1,176.87 and US$1,185.41, so a stop or pending order set inside that band was filled at the reopen price instead. The jump was US$8.54 per ounce; at 100 ounces, a common size for one gold lot, that is US$854.00, before any further move. A grid or martingale EA that holds trades over the weekend takes the full gap at once. You can enter US$8.54 in the grid calculator to see what it does to your own lot and spacing.
Questions
How big was gold's weekend gap after 2 Dec 2016?
+0.7257% (US$8.54): Friday's last hourly close was US$1,176.87 and the first hourly open after the weekend was US$1,185.41.
Did the gap after 2 Dec 2016 fill?
Yes, 2 hours after the reopen.
How rare was this gap?
It was the 18th largest of 499 weekend gaps from 2015 to 2024 and the 4th largest of 49 in 2016.