Investezo › Big weekend gaps › 23 Aug 2019
Gold weekend gap after Friday 23 Aug 2019: +1.28%
Gold's last hourly close on Friday 23 Aug 2019 was US$1,526.25. After 50 hours with no bars it reopened at US$1,545.74, 1.277% higher. That makes it the 5th largest of the 499 weekend gaps from 2015 to 2024 in this data, and it was filled after 10 hours.
The gap in numbers
| Friday's last hourly bar | Fri 23 Aug 2019 23:00 |
| Friday's last hourly close | US$1,526.25 |
| First hourly bar after the weekend | Mon 26 Aug 2019 01:00 |
| Reopen price (first hourly open) | US$1,545.74 |
| Gap | +1.277% · US$19.49 |
| Hours with no bars | 50 |
| Rank among 499 weekend gaps 2015–2024 (by size) | 5th |
| Rank among the 51 gaps of 2019 | 2nd |
| Gold in the week before (Friday close vs Friday a week earlier) | +0.94% |
Did the gap fill?
Yes. Price first traded back to Friday's close of US$1,526.25 in the hourly bar of Mon 26 Aug 2019 11:00, 10 hours after the reopen. Up to that bar, the furthest point away from Friday's close was US$1,555.21 (+1.9%).
The first trading day after the gap
Daily bar for 26 Aug 2019: open US$1,545.74, high US$1,555.21, low US$1,524.93, close US$1,527.38. Close to close against Friday's daily close of US$1,526.25 that is +0.07%, with US$30.28 between high and low.
Hourly bars around the gap
| Bar (data time) | Open | High | Low | Close |
|---|---|---|---|---|
| Fri 23 Aug 2019 18:00 (before) | US$1,519.09 | US$1,529.44 | US$1,519.01 | US$1,528.01 |
| Fri 23 Aug 2019 19:00 (before) | US$1,527.89 | US$1,528.82 | US$1,522.63 | US$1,526.85 |
| Fri 23 Aug 2019 20:00 (before) | US$1,526.88 | US$1,528.91 | US$1,525.85 | US$1,527.39 |
| Fri 23 Aug 2019 21:00 (before) | US$1,527.39 | US$1,530.20 | US$1,526.94 | US$1,527.29 |
| Fri 23 Aug 2019 22:00 (before) | US$1,527.29 | US$1,529.43 | US$1,527.04 | US$1,528.44 |
| Fri 23 Aug 2019 23:00 (before) | US$1,528.47 | US$1,528.54 | US$1,525.23 | US$1,526.25 |
| Mon 26 Aug 2019 01:00 | US$1,545.74 | US$1,555.21 | US$1,544.13 | US$1,547.48 |
| Mon 26 Aug 2019 02:00 | US$1,547.45 | US$1,548.49 | US$1,543.47 | US$1,547.23 |
| Mon 26 Aug 2019 03:00 | US$1,547.23 | US$1,549.27 | US$1,543.43 | US$1,544.89 |
| Mon 26 Aug 2019 04:00 | US$1,544.89 | US$1,546.71 | US$1,541.65 | US$1,544.05 |
| Mon 26 Aug 2019 05:00 | US$1,544.06 | US$1,544.49 | US$1,538.06 | US$1,539.46 |
| Mon 26 Aug 2019 06:00 | US$1,539.46 | US$1,542.16 | US$1,538.53 | US$1,539.20 |
| Mon 26 Aug 2019 07:00 | US$1,539.20 | US$1,543.35 | US$1,539.13 | US$1,542.95 |
| Mon 26 Aug 2019 08:00 | US$1,542.95 | US$1,544.07 | US$1,540.04 | US$1,542.63 |
| Mon 26 Aug 2019 09:00 | US$1,542.64 | US$1,542.86 | US$1,536.40 | US$1,537.04 |
| Mon 26 Aug 2019 10:00 | US$1,537.02 | US$1,537.22 | US$1,526.39 | US$1,530.49 |
| Mon 26 Aug 2019 11:00 | US$1,530.48 | US$1,530.79 | US$1,524.93 | US$1,526.88 |
| Mon 26 Aug 2019 12:00 | US$1,526.82 | US$1,532.07 | US$1,525.60 | US$1,531.81 |
Context
2019 had 51 weekend gaps in this data; this was the 2nd largest. More numbers for that time: gold in August 2019 and gold in 2019.
What a gap like this means for an open trade
No price traded between US$1,526.25 and US$1,545.74, so a stop or pending order set inside that band was filled at the reopen price instead. The jump was US$19.49 per ounce; at 100 ounces, a common size for one gold lot, that is US$1,949.00, 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$19.49 in the grid calculator to see what it does to your own lot and spacing.
Questions
How big was gold's weekend gap after 23 Aug 2019?
+1.277% (US$19.49): Friday's last hourly close was US$1,526.25 and the first hourly open after the weekend was US$1,545.74.
Did the gap after 23 Aug 2019 fill?
Yes, 10 hours after the reopen.
How rare was this gap?
It was the 5th largest of 499 weekend gaps from 2015 to 2024 and the 2nd largest of 51 in 2019.