Investezo › Big weekend gaps › 1 Sep 2017
Gold weekend gap after Friday 1 Sep 2017: +0.8%
Gold's last hourly close on Friday 1 Sep 2017 was US$1,324.59. After 50 hours with no bars it reopened at US$1,335.18, 0.7995% higher. That makes it the 16th largest of the 499 weekend gaps from 2015 to 2024 in this data, and it was not filled that week.
The gap in numbers
| Friday's last hourly bar | Fri 1 Sep 2017 23:00 |
| Friday's last hourly close | US$1,324.59 |
| First hourly bar after the weekend | Mon 4 Sep 2017 01:00 |
| Reopen price (first hourly open) | US$1,335.18 |
| Gap | +0.7995% · US$10.59 |
| Hours with no bars | 50 |
| Rank among 499 weekend gaps 2015–2024 (by size) | 16th |
| Rank among the 49 gaps of 2017 | 2nd |
| Gold in the week before (Friday close vs Friday a week earlier) | +2.56% |
Did the gap fill?
No. In the 111 hourly bars of that trading week price never came back to Friday's close of US$1,324.59. The furthest point in the gap's direction was US$1,357.42 (+2.48% from Friday's close), and the week's last hourly close, Fri 8 Sep 2017 23:00, was US$1,346.48 (+1.65% from Friday's close).
The first trading day after the gap
Daily bar for 4 Sep 2017: open US$1,335.18, high US$1,339.72, low US$1,331.73, close US$1,333.96. Close to close against Friday's daily close of US$1,324.59 that is +0.71%, with US$7.99 between high and low.
Hourly bars around the gap
| Bar (data time) | Open | High | Low | Close |
|---|---|---|---|---|
| Fri 1 Sep 2017 18:00 (before) | US$1,321.73 | US$1,324.66 | US$1,320.50 | US$1,323.48 |
| Fri 1 Sep 2017 19:00 (before) | US$1,323.49 | US$1,324.65 | US$1,322.18 | US$1,322.36 |
| Fri 1 Sep 2017 20:00 (before) | US$1,322.45 | US$1,325.51 | US$1,322.13 | US$1,324.34 |
| Fri 1 Sep 2017 21:00 (before) | US$1,324.34 | US$1,325.16 | US$1,323.39 | US$1,325.04 |
| Fri 1 Sep 2017 22:00 (before) | US$1,325.03 | US$1,326.29 | US$1,324.18 | US$1,326.00 |
| Fri 1 Sep 2017 23:00 (before) | US$1,325.90 | US$1,326.47 | US$1,323.60 | US$1,324.59 |
| Mon 4 Sep 2017 01:00 | US$1,335.18 | US$1,336.74 | US$1,333.85 | US$1,334.92 |
| Mon 4 Sep 2017 02:00 | US$1,334.95 | US$1,336.44 | US$1,334.89 | US$1,336.03 |
| Mon 4 Sep 2017 03:00 | US$1,335.98 | US$1,336.44 | US$1,334.96 | US$1,335.39 |
| Mon 4 Sep 2017 04:00 | US$1,335.36 | US$1,335.55 | US$1,331.73 | US$1,333.12 |
| Mon 4 Sep 2017 05:00 | US$1,333.14 | US$1,333.36 | US$1,332.11 | US$1,332.99 |
| Mon 4 Sep 2017 06:00 | US$1,332.92 | US$1,333.88 | US$1,332.59 | US$1,333.45 |
| Mon 4 Sep 2017 07:00 | US$1,333.47 | US$1,333.95 | US$1,333.06 | US$1,333.85 |
| Mon 4 Sep 2017 08:00 | US$1,333.85 | US$1,337.01 | US$1,333.75 | US$1,334.95 |
| Mon 4 Sep 2017 09:00 | US$1,334.97 | US$1,337.94 | US$1,334.85 | US$1,337.47 |
| Mon 4 Sep 2017 10:00 | US$1,337.39 | US$1,339.72 | US$1,336.60 | US$1,337.81 |
| Mon 4 Sep 2017 11:00 | US$1,337.79 | US$1,338.39 | US$1,332.09 | US$1,335.96 |
| Mon 4 Sep 2017 12:00 | US$1,335.91 | US$1,336.54 | US$1,333.69 | US$1,334.60 |
Context
2017 had 49 weekend gaps in this data; this was the 2nd largest. More numbers for that time: gold in September 2017 and gold in 2017.
What a gap like this means for an open trade
No price traded between US$1,324.59 and US$1,335.18, so a stop or pending order set inside that band was filled at the reopen price instead. The jump was US$10.59 per ounce; at 100 ounces, a common size for one gold lot, that is US$1,059.00, 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$10.59 in the grid calculator to see what it does to your own lot and spacing.
Questions
How big was gold's weekend gap after 1 Sep 2017?
+0.7995% (US$10.59): Friday's last hourly close was US$1,324.59 and the first hourly open after the weekend was US$1,335.18.
Did the gap after 1 Sep 2017 fill?
No, not within that trading week; the week's last hourly close was US$1,346.48.
How rare was this gap?
It was the 16th largest of 499 weekend gaps from 2015 to 2024 and the 2nd largest of 49 in 2017.