Investezo › Big weekend gaps › 6 Mar 2020
Gold weekend gap after Friday 6 Mar 2020: +1.31%
Gold's last hourly close on Friday 6 Mar 2020 was US$1,674.06. After 50 hours with no bars it reopened at US$1,695.92, 1.3058% higher. That makes it the 3rd largest of the 499 weekend gaps from 2015 to 2024 in this data, and it was filled after 5 hours.
The gap in numbers
| Friday's last hourly bar | Fri 6 Mar 2020 23:00 |
| Friday's last hourly close | US$1,674.06 |
| First hourly bar after the weekend | Mon 9 Mar 2020 01:00 |
| Reopen price (first hourly open) | US$1,695.92 |
| Gap | +1.3058% · US$21.86 |
| Hours with no bars | 50 |
| Rank among 499 weekend gaps 2015–2024 (by size) | 3rd |
| Rank among the 50 gaps of 2020 | 2nd |
| Gold in the week before (Friday close vs Friday a week earlier) | +5.64% |
Did the gap fill?
Yes. Price first traded back to Friday's close of US$1,674.06 in the hourly bar of Mon 9 Mar 2020 06:00, 5 hours after the reopen. Up to that bar, the furthest point away from Friday's close was US$1,703.44 (+1.76%).
The first trading day after the gap
Daily bar for 9 Mar 2020: open US$1,695.92, high US$1,703.44, low US$1,657.41, close US$1,678.15. Close to close against Friday's daily close of US$1,674.06 that is +0.24%, with US$46.03 between high and low.
Hourly bars around the gap
| Bar (data time) | Open | High | Low | Close |
|---|---|---|---|---|
| Fri 6 Mar 2020 18:00 (before) | US$1,663.91 | US$1,671.45 | US$1,658.15 | US$1,663.36 |
| Fri 6 Mar 2020 19:00 (before) | US$1,663.41 | US$1,669.45 | US$1,660.31 | US$1,665.76 |
| Fri 6 Mar 2020 20:00 (before) | US$1,665.78 | US$1,673.92 | US$1,662.11 | US$1,672.30 |
| Fri 6 Mar 2020 21:00 (before) | US$1,672.29 | US$1,687.34 | US$1,671.45 | US$1,686.77 |
| Fri 6 Mar 2020 22:00 (before) | US$1,686.78 | US$1,692.09 | US$1,665.80 | US$1,673.81 |
| Fri 6 Mar 2020 23:00 (before) | US$1,673.91 | US$1,675.99 | US$1,671.41 | US$1,674.06 |
| Mon 9 Mar 2020 01:00 | US$1,695.92 | US$1,703.44 | US$1,691.81 | US$1,700.11 |
| Mon 9 Mar 2020 02:00 | US$1,700.12 | US$1,702.87 | US$1,690.21 | US$1,700.04 |
| Mon 9 Mar 2020 03:00 | US$1,700.04 | US$1,702.99 | US$1,695.23 | US$1,700.97 |
| Mon 9 Mar 2020 04:00 | US$1,700.97 | US$1,701.37 | US$1,691.04 | US$1,694.69 |
| Mon 9 Mar 2020 05:00 | US$1,694.69 | US$1,695.02 | US$1,674.37 | US$1,681.16 |
| Mon 9 Mar 2020 06:00 | US$1,681.24 | US$1,681.27 | US$1,657.41 | US$1,662.54 |
| Mon 9 Mar 2020 07:00 | US$1,662.45 | US$1,676.95 | US$1,659.48 | US$1,663.17 |
| Mon 9 Mar 2020 08:00 | US$1,663.16 | US$1,673.99 | US$1,662.47 | US$1,669.24 |
| Mon 9 Mar 2020 09:00 | US$1,669.42 | US$1,685.33 | US$1,668.47 | US$1,681.43 |
| Mon 9 Mar 2020 10:00 | US$1,681.44 | US$1,682.63 | US$1,670.37 | US$1,675.37 |
| Mon 9 Mar 2020 11:00 | US$1,675.16 | US$1,677.02 | US$1,661.71 | US$1,665.00 |
| Mon 9 Mar 2020 12:00 | US$1,664.97 | US$1,680.11 | US$1,662.65 | US$1,678.06 |
Context
2020 had 50 weekend gaps in this data; this was the 2nd largest. More numbers for that time: gold in March 2020 and gold in 2020.
What a gap like this means for an open trade
No price traded between US$1,674.06 and US$1,695.92, so a stop or pending order set inside that band was filled at the reopen price instead. The jump was US$21.86 per ounce; at 100 ounces, a common size for one gold lot, that is US$2,186.00, 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$21.86 in the grid calculator to see what it does to your own lot and spacing.
Questions
How big was gold's weekend gap after 6 Mar 2020?
+1.3058% (US$21.86): Friday's last hourly close was US$1,674.06 and the first hourly open after the weekend was US$1,695.92.
Did the gap after 6 Mar 2020 fill?
Yes, 5 hours after the reopen.
How rare was this gap?
It was the 3rd largest of 499 weekend gaps from 2015 to 2024 and the 2nd largest of 50 in 2020.