Investezo › Big weekend gaps › 30 Aug 2019
Gold weekend gap after Friday 30 Aug 2019: +0.58%
Gold's last hourly close on Friday 30 Aug 2019 was US$1,520.55. After 50 hours with no bars it reopened at US$1,529.39, 0.5814% higher. That makes it the 21st largest of the 499 weekend gaps from 2015 to 2024 in this data, and it was filled after 9 hours.
The gap in numbers
| Friday's last hourly bar | Fri 30 Aug 2019 23:00 |
| Friday's last hourly close | US$1,520.55 |
| First hourly bar after the weekend | Mon 2 Sep 2019 01:00 |
| Reopen price (first hourly open) | US$1,529.39 |
| Gap | +0.5814% · US$8.84 |
| Hours with no bars | 50 |
| Rank among 499 weekend gaps 2015–2024 (by size) | 21st |
| Rank among the 51 gaps of 2019 | 4th |
| Gold in the week before (Friday close vs Friday a week earlier) | -0.37% |
Did the gap fill?
Yes. Price first traded back to Friday's close of US$1,520.55 in the hourly bar of Mon 2 Sep 2019 10:00, 9 hours after the reopen. Up to that bar, the furthest point away from Friday's close was US$1,533.77 (+0.87%).
The first trading day after the gap
Daily bar for 2 Sep 2019: open US$1,529.39, high US$1,533.77, low US$1,519.22, close US$1,528.96. Close to close against Friday's daily close of US$1,520.55 that is +0.55%, with US$14.55 between high and low.
Hourly bars around the gap
| Bar (data time) | Open | High | Low | Close |
|---|---|---|---|---|
| Fri 30 Aug 2019 18:00 (before) | US$1,528.38 | US$1,532.71 | US$1,527.13 | US$1,527.52 |
| Fri 30 Aug 2019 19:00 (before) | US$1,527.52 | US$1,528.16 | US$1,522.41 | US$1,522.97 |
| Fri 30 Aug 2019 20:00 (before) | US$1,522.94 | US$1,523.77 | US$1,516.93 | US$1,518.94 |
| Fri 30 Aug 2019 21:00 (before) | US$1,518.94 | US$1,525.58 | US$1,518.15 | US$1,525.35 |
| Fri 30 Aug 2019 22:00 (before) | US$1,525.43 | US$1,525.73 | US$1,522.81 | US$1,524.03 |
| Fri 30 Aug 2019 23:00 (before) | US$1,524.05 | US$1,524.05 | US$1,519.91 | US$1,520.55 |
| Mon 2 Sep 2019 01:00 | US$1,529.39 | US$1,533.77 | US$1,528.87 | US$1,529.59 |
| Mon 2 Sep 2019 02:00 | US$1,529.59 | US$1,529.64 | US$1,528.20 | US$1,529.09 |
| Mon 2 Sep 2019 03:00 | US$1,529.09 | US$1,529.85 | US$1,527.67 | US$1,529.06 |
| Mon 2 Sep 2019 04:00 | US$1,529.06 | US$1,529.35 | US$1,522.69 | US$1,524.48 |
| Mon 2 Sep 2019 05:00 | US$1,524.45 | US$1,526.26 | US$1,523.09 | US$1,525.40 |
| Mon 2 Sep 2019 06:00 | US$1,525.40 | US$1,526.48 | US$1,525.20 | US$1,525.59 |
| Mon 2 Sep 2019 07:00 | US$1,525.59 | US$1,526.44 | US$1,525.28 | US$1,525.48 |
| Mon 2 Sep 2019 08:00 | US$1,525.48 | US$1,525.87 | US$1,524.11 | US$1,524.74 |
| Mon 2 Sep 2019 09:00 | US$1,524.72 | US$1,524.91 | US$1,520.88 | US$1,522.65 |
| Mon 2 Sep 2019 10:00 | US$1,522.63 | US$1,523.36 | US$1,519.22 | US$1,522.28 |
| Mon 2 Sep 2019 11:00 | US$1,522.26 | US$1,523.01 | US$1,521.07 | US$1,521.25 |
| Mon 2 Sep 2019 12:00 | US$1,521.26 | US$1,526.03 | US$1,520.73 | US$1,525.60 |
Context
2019 had 51 weekend gaps in this data; this was the 4th 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$1,520.55 and US$1,529.39, so a stop or pending order set inside that band was filled at the reopen price instead. The jump was US$8.84 per ounce; at 100 ounces, a common size for one gold lot, that is US$884.00, 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$8.84 in the grid calculator to see what it does to your own lot and spacing.
Questions
How big was gold's weekend gap after 30 Aug 2019?
+0.5814% (US$8.84): Friday's last hourly close was US$1,520.55 and the first hourly open after the weekend was US$1,529.39.
Did the gap after 30 Aug 2019 fill?
Yes, 9 hours after the reopen.
How rare was this gap?
It was the 21st largest of 499 weekend gaps from 2015 to 2024 and the 4th largest of 51 in 2019.