Investezo › Big weekend gaps › 24 Jan 2020
Gold weekend gap after Friday 24 Jan 2020: +0.62%
Gold's last hourly close on Friday 24 Jan 2020 was US$1,570.90. After 50 hours with no bars it reopened at US$1,580.71, 0.6245% higher. That makes it the 20th largest of the 499 weekend gaps from 2015 to 2024 in this data, and it was filled after 40 hours.
The gap in numbers
| Friday's last hourly bar | Fri 24 Jan 2020 23:00 |
| Friday's last hourly close | US$1,570.90 |
| First hourly bar after the weekend | Mon 27 Jan 2020 01:00 |
| Reopen price (first hourly open) | US$1,580.71 |
| Gap | +0.6245% · US$9.81 |
| Hours with no bars | 50 |
| Rank among 499 weekend gaps 2015–2024 (by size) | 20th |
| Rank among the 50 gaps of 2020 | 5th |
| Gold in the week before (Friday close vs Friday a week earlier) | +0.9% |
Did the gap fill?
Yes. Price first traded back to Friday's close of US$1,570.90 in the hourly bar of Tue 28 Jan 2020 17:00, 40 hours after the reopen. Up to that bar, the furthest point away from Friday's close was US$1,588.28 (+1.11%).
The first trading day after the gap
Daily bar for 27 Jan 2020: open US$1,580.71, high US$1,588.28, low US$1,575.87, close US$1,581.88. Close to close against Friday's daily close of US$1,570.90 that is +0.7%, with US$12.41 between high and low.
Hourly bars around the gap
| Bar (data time) | Open | High | Low | Close |
|---|---|---|---|---|
| Fri 24 Jan 2020 18:00 (before) | US$1,569.97 | US$1,573.73 | US$1,568.84 | US$1,572.48 |
| Fri 24 Jan 2020 19:00 (before) | US$1,572.56 | US$1,575.95 | US$1,570.52 | US$1,571.63 |
| Fri 24 Jan 2020 20:00 (before) | US$1,571.62 | US$1,574.55 | US$1,571.59 | US$1,572.81 |
| Fri 24 Jan 2020 21:00 (before) | US$1,572.81 | US$1,575.74 | US$1,570.83 | US$1,571.12 |
| Fri 24 Jan 2020 22:00 (before) | US$1,571.03 | US$1,572.54 | US$1,569.52 | US$1,571.48 |
| Fri 24 Jan 2020 23:00 (before) | US$1,571.55 | US$1,571.92 | US$1,570.17 | US$1,570.90 |
| Mon 27 Jan 2020 01:00 | US$1,580.71 | US$1,588.28 | US$1,580.71 | US$1,582.55 |
| Mon 27 Jan 2020 02:00 | US$1,582.55 | US$1,582.97 | US$1,577.30 | US$1,578.01 |
| Mon 27 Jan 2020 03:00 | US$1,578.03 | US$1,581.80 | US$1,577.48 | US$1,581.11 |
| Mon 27 Jan 2020 04:00 | US$1,581.11 | US$1,583.08 | US$1,580.82 | US$1,582.02 |
| Mon 27 Jan 2020 05:00 | US$1,582.00 | US$1,582.00 | US$1,579.32 | US$1,579.43 |
| Mon 27 Jan 2020 06:00 | US$1,579.42 | US$1,580.10 | US$1,577.93 | US$1,579.10 |
| Mon 27 Jan 2020 07:00 | US$1,579.10 | US$1,580.72 | US$1,578.41 | US$1,580.51 |
| Mon 27 Jan 2020 08:00 | US$1,580.51 | US$1,580.91 | US$1,578.25 | US$1,578.89 |
| Mon 27 Jan 2020 09:00 | US$1,578.89 | US$1,580.04 | US$1,576.83 | US$1,578.06 |
| Mon 27 Jan 2020 10:00 | US$1,577.92 | US$1,579.70 | US$1,575.87 | US$1,579.49 |
| Mon 27 Jan 2020 11:00 | US$1,579.48 | US$1,583.61 | US$1,579.08 | US$1,582.65 |
| Mon 27 Jan 2020 12:00 | US$1,582.71 | US$1,585.64 | US$1,582.05 | US$1,585.43 |
Context
2020 had 50 weekend gaps in this data; this was the 5th 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$1,570.90 and US$1,580.71, so a stop or pending order set inside that band was filled at the reopen price instead. The jump was US$9.81 per ounce; at 100 ounces, a common size for one gold lot, that is US$981.00, 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$9.81 in the grid calculator to see what it does to your own lot and spacing.
Questions
How big was gold's weekend gap after 24 Jan 2020?
+0.6245% (US$9.81): Friday's last hourly close was US$1,570.90 and the first hourly open after the weekend was US$1,580.71.
Did the gap after 24 Jan 2020 fill?
Yes, 40 hours after the reopen.
How rare was this gap?
It was the 20th largest of 499 weekend gaps from 2015 to 2024 and the 5th largest of 50 in 2020.