Investezo › Big weekend gaps › 8 Sep 2017
Gold weekend gap after Friday 8 Sep 2017: -0.56%
Gold's last hourly close on Friday 8 Sep 2017 was US$1,346.48. After 50 hours with no bars it reopened at US$1,338.93, 0.5607% lower. That makes it the 23rd 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 8 Sep 2017 23:00 |
| Friday's last hourly close | US$1,346.48 |
| First hourly bar after the weekend | Mon 11 Sep 2017 01:00 |
| Reopen price (first hourly open) | US$1,338.93 |
| Gap | -0.5607% · -US$7.55 |
| Hours with no bars | 50 |
| Rank among 499 weekend gaps 2015–2024 (by size) | 23rd |
| Rank among the 49 gaps of 2017 | 3rd |
| Gold in the week before (Friday close vs Friday a week earlier) | +1.65% |
Did the gap fill?
No. In the 115 hourly bars of that trading week price never came back to Friday's close of US$1,346.48. The furthest point in the gap's direction was US$1,315.60 (-2.29% from Friday's close), and the week's last hourly close, Fri 15 Sep 2017 23:00, was US$1,320.29 (-1.95% from Friday's close).
The first trading day after the gap
Daily bar for 11 Sep 2017: open US$1,338.93, high US$1,339.96, low US$1,326.34, close US$1,327.25. Close to close against Friday's daily close of US$1,346.48 that is -1.43%, with US$13.62 between high and low.
Hourly bars around the gap
| Bar (data time) | Open | High | Low | Close |
|---|---|---|---|---|
| Fri 8 Sep 2017 18:00 (before) | US$1,344.01 | US$1,348.28 | US$1,343.41 | US$1,347.77 |
| Fri 8 Sep 2017 19:00 (before) | US$1,347.77 | US$1,348.13 | US$1,346.14 | US$1,346.85 |
| Fri 8 Sep 2017 20:00 (before) | US$1,346.87 | US$1,347.46 | US$1,345.69 | US$1,346.79 |
| Fri 8 Sep 2017 21:00 (before) | US$1,346.75 | US$1,347.46 | US$1,346.37 | US$1,346.82 |
| Fri 8 Sep 2017 22:00 (before) | US$1,346.83 | US$1,348.00 | US$1,346.33 | US$1,346.64 |
| Fri 8 Sep 2017 23:00 (before) | US$1,346.64 | US$1,346.98 | US$1,346.08 | US$1,346.48 |
| Mon 11 Sep 2017 01:00 | US$1,338.93 | US$1,339.96 | US$1,334.85 | US$1,334.96 |
| Mon 11 Sep 2017 02:00 | US$1,334.95 | US$1,338.71 | US$1,334.53 | US$1,337.71 |
| Mon 11 Sep 2017 03:00 | US$1,337.66 | US$1,337.95 | US$1,335.95 | US$1,337.22 |
| Mon 11 Sep 2017 04:00 | US$1,337.16 | US$1,338.78 | US$1,335.54 | US$1,336.64 |
| Mon 11 Sep 2017 05:00 | US$1,336.64 | US$1,337.61 | US$1,336.57 | US$1,337.44 |
| Mon 11 Sep 2017 06:00 | US$1,337.44 | US$1,338.10 | US$1,337.11 | US$1,337.52 |
| Mon 11 Sep 2017 07:00 | US$1,337.53 | US$1,337.91 | US$1,337.14 | US$1,337.40 |
| Mon 11 Sep 2017 08:00 | US$1,337.43 | US$1,337.96 | US$1,337.24 | US$1,337.51 |
| Mon 11 Sep 2017 09:00 | US$1,337.51 | US$1,337.51 | US$1,334.31 | US$1,335.48 |
| Mon 11 Sep 2017 10:00 | US$1,335.49 | US$1,337.58 | US$1,334.29 | US$1,337.18 |
| Mon 11 Sep 2017 11:00 | US$1,337.26 | US$1,338.19 | US$1,336.45 | US$1,338.09 |
| Mon 11 Sep 2017 12:00 | US$1,338.09 | US$1,338.96 | US$1,337.80 | US$1,338.08 |
Context
2017 had 49 weekend gaps in this data; this was the 3rd 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$1,338.93 and US$1,346.48, so a stop or pending order set inside that band was filled at the reopen price instead. The jump was US$7.55 per ounce; at 100 ounces, a common size for one gold lot, that is US$755.00, 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$7.55 in the grid calculator to see what it does to your own lot and spacing.
Questions
How big was gold's weekend gap after 8 Sep 2017?
-0.5607% (-US$7.55): Friday's last hourly close was US$1,346.48 and the first hourly open after the weekend was US$1,338.93.
Did the gap after 8 Sep 2017 fill?
No, not within that trading week; the week's last hourly close was US$1,320.29.
How rare was this gap?
It was the 23rd largest of 499 weekend gaps from 2015 to 2024 and the 3rd largest of 49 in 2017.