Investezo › Big weekend gaps › 3 Jan 2020
Gold weekend gap after Friday 3 Jan 2020: +1.58%
Gold's last hourly close on Friday 3 Jan 2020 was US$1,551.44. After 50 hours with no bars it reopened at US$1,575.89, 1.576% higher. That makes it the 2nd largest of the 499 weekend gaps from 2015 to 2024 in this data, and it was filled after 79 hours.
The gap in numbers
| Friday's last hourly bar | Fri 3 Jan 2020 23:00 |
| Friday's last hourly close | US$1,551.44 |
| First hourly bar after the weekend | Mon 6 Jan 2020 01:00 |
| Reopen price (first hourly open) | US$1,575.89 |
| Gap | +1.576% · US$24.45 |
| Hours with no bars | 50 |
| Rank among 499 weekend gaps 2015–2024 (by size) | 2nd |
| Rank among the 50 gaps of 2020 | 1st |
| Gold in the week before (Friday close vs Friday a week earlier) | +2.7% |
Did the gap fill?
Yes. Price first traded back to Friday's close of US$1,551.44 in the hourly bar of Thu 9 Jan 2020 08:00, 79 hours after the reopen. Up to that bar, the furthest point away from Friday's close was US$1,611.35 (+3.86%).
The first trading day after the gap
Daily bar for 6 Jan 2020: open US$1,575.89, high US$1,582.09, low US$1,560.70, close US$1,565.63. Close to close against Friday's daily close of US$1,551.44 that is +0.91%, with US$21.39 between high and low.
Hourly bars around the gap
| Bar (data time) | Open | High | Low | Close |
|---|---|---|---|---|
| Fri 3 Jan 2020 18:00 (before) | US$1,548.84 | US$1,550.45 | US$1,547.53 | US$1,548.27 |
| Fri 3 Jan 2020 19:00 (before) | US$1,548.27 | US$1,548.85 | US$1,546.97 | US$1,548.79 |
| Fri 3 Jan 2020 20:00 (before) | US$1,548.79 | US$1,553.43 | US$1,548.35 | US$1,549.42 |
| Fri 3 Jan 2020 21:00 (before) | US$1,549.43 | US$1,549.77 | US$1,546.20 | US$1,547.81 |
| Fri 3 Jan 2020 22:00 (before) | US$1,547.80 | US$1,549.02 | US$1,546.87 | US$1,549.02 |
| Fri 3 Jan 2020 23:00 (before) | US$1,549.00 | US$1,551.93 | US$1,548.57 | US$1,551.44 |
| Mon 6 Jan 2020 01:00 | US$1,575.89 | US$1,582.09 | US$1,566.91 | US$1,569.08 |
| Mon 6 Jan 2020 02:00 | US$1,569.07 | US$1,570.78 | US$1,566.95 | US$1,569.44 |
| Mon 6 Jan 2020 03:00 | US$1,569.43 | US$1,579.96 | US$1,568.76 | US$1,577.72 |
| Mon 6 Jan 2020 04:00 | US$1,577.72 | US$1,577.97 | US$1,575.17 | US$1,577.46 |
| Mon 6 Jan 2020 05:00 | US$1,577.46 | US$1,579.46 | US$1,576.78 | US$1,578.00 |
| Mon 6 Jan 2020 06:00 | US$1,578.00 | US$1,578.33 | US$1,574.85 | US$1,576.03 |
| Mon 6 Jan 2020 07:00 | US$1,576.05 | US$1,577.31 | US$1,573.46 | US$1,574.88 |
| Mon 6 Jan 2020 08:00 | US$1,574.85 | US$1,577.68 | US$1,573.59 | US$1,574.32 |
| Mon 6 Jan 2020 09:00 | US$1,574.26 | US$1,575.12 | US$1,570.13 | US$1,574.12 |
| Mon 6 Jan 2020 10:00 | US$1,573.76 | US$1,576.47 | US$1,571.25 | US$1,575.64 |
| Mon 6 Jan 2020 11:00 | US$1,575.62 | US$1,577.98 | US$1,574.22 | US$1,577.17 |
| Mon 6 Jan 2020 12:00 | US$1,577.15 | US$1,577.62 | US$1,575.01 | US$1,577.54 |
Context
2020 had 50 weekend gaps in this data; this was the largest. More numbers for that time: gold in January 2020 and gold in 2020.
What a gap like this means for an open trade
No price traded between US$1,551.44 and US$1,575.89, so a stop or pending order set inside that band was filled at the reopen price instead. The jump was US$24.45 per ounce; at 100 ounces, a common size for one gold lot, that is US$2,445.00, 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$24.45 in the grid calculator to see what it does to your own lot and spacing.
Questions
How big was gold's weekend gap after 3 Jan 2020?
+1.576% (US$24.45): Friday's last hourly close was US$1,551.44 and the first hourly open after the weekend was US$1,575.89.
Did the gap after 3 Jan 2020 fill?
Yes, 79 hours after the reopen.
How rare was this gap?
It was the 2nd largest of 499 weekend gaps from 2015 to 2024 and the largest of 50 in 2020.