Investezo › Big weekend gaps › 13 Mar 2020
Gold weekend gap after Friday 13 Mar 2020: +0.87%
Gold's last hourly close on Friday 13 Mar 2020 was US$1,529.78. After 51 hours with no bars it reopened at US$1,543.04, 0.8668% higher. That makes it the 12th largest of the 499 weekend gaps from 2015 to 2024 in this data, and it was filled after 2 hours.
The gap in numbers
| Friday's last hourly bar | Fri 13 Mar 2020 22:00 |
| Friday's last hourly close | US$1,529.78 |
| First hourly bar after the weekend | Mon 16 Mar 2020 01:00 |
| Reopen price (first hourly open) | US$1,543.04 |
| Gap | +0.8668% · US$13.26 |
| Hours with no bars | 51 |
| Rank among 499 weekend gaps 2015–2024 (by size) | 12th |
| Rank among the 50 gaps of 2020 | 4th |
| Gold in the week before (Friday close vs Friday a week earlier) | -8.62% |
Did the gap fill?
Yes. Price first traded back to Friday's close of US$1,529.78 in the hourly bar of Mon 16 Mar 2020 03:00, 2 hours after the reopen. Up to that bar, the furthest point away from Friday's close was US$1,562.94 (+2.17%).
The first trading day after the gap
Daily bar for 16 Mar 2020: open US$1,543.04, high US$1,562.94, low US$1,451.13, close US$1,509.09. Close to close against Friday's daily close of US$1,529.78 that is -1.35%, with US$111.81 between high and low.
Hourly bars around the gap
| Bar (data time) | Open | High | Low | Close |
|---|---|---|---|---|
| Fri 13 Mar 2020 17:00 (before) | US$1,563.50 | US$1,568.39 | US$1,521.74 | US$1,534.77 |
| Fri 13 Mar 2020 18:00 (before) | US$1,534.63 | US$1,538.84 | US$1,504.62 | US$1,522.94 |
| Fri 13 Mar 2020 19:00 (before) | US$1,522.94 | US$1,523.29 | US$1,513.53 | US$1,522.17 |
| Fri 13 Mar 2020 20:00 (before) | US$1,522.20 | US$1,537.00 | US$1,512.27 | US$1,512.40 |
| Fri 13 Mar 2020 21:00 (before) | US$1,512.40 | US$1,526.03 | US$1,509.26 | US$1,523.43 |
| Fri 13 Mar 2020 22:00 (before) | US$1,523.63 | US$1,532.96 | US$1,516.37 | US$1,529.78 |
| Mon 16 Mar 2020 01:00 | US$1,543.04 | US$1,562.94 | US$1,543.04 | US$1,557.20 |
| Mon 16 Mar 2020 02:00 | US$1,557.35 | US$1,560.63 | US$1,541.42 | US$1,547.99 |
| Mon 16 Mar 2020 03:00 | US$1,547.99 | US$1,548.93 | US$1,523.97 | US$1,534.62 |
| Mon 16 Mar 2020 04:00 | US$1,534.40 | US$1,548.61 | US$1,530.47 | US$1,546.34 |
| Mon 16 Mar 2020 05:00 | US$1,546.35 | US$1,549.07 | US$1,543.31 | US$1,547.89 |
| Mon 16 Mar 2020 06:00 | US$1,547.96 | US$1,550.64 | US$1,537.91 | US$1,546.79 |
| Mon 16 Mar 2020 07:00 | US$1,546.82 | US$1,546.82 | US$1,538.46 | US$1,540.63 |
| Mon 16 Mar 2020 08:00 | US$1,540.65 | US$1,547.34 | US$1,539.96 | US$1,544.08 |
| Mon 16 Mar 2020 09:00 | US$1,544.03 | US$1,547.49 | US$1,529.49 | US$1,531.21 |
| Mon 16 Mar 2020 10:00 | US$1,531.21 | US$1,542.04 | US$1,529.38 | US$1,539.00 |
| Mon 16 Mar 2020 11:00 | US$1,539.17 | US$1,540.94 | US$1,512.53 | US$1,527.26 |
| Mon 16 Mar 2020 12:00 | US$1,527.23 | US$1,528.24 | US$1,475.51 | US$1,477.49 |
Context
2020 had 50 weekend gaps in this data; this was the 4th 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$1,529.78 and US$1,543.04, so a stop or pending order set inside that band was filled at the reopen price instead. The jump was US$13.26 per ounce; at 100 ounces, a common size for one gold lot, that is US$1,326.00, 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$13.26 in the grid calculator to see what it does to your own lot and spacing.
Questions
How big was gold's weekend gap after 13 Mar 2020?
+0.8668% (US$13.26): Friday's last hourly close was US$1,529.78 and the first hourly open after the weekend was US$1,543.04.
Did the gap after 13 Mar 2020 fill?
Yes, 2 hours after the reopen.
How rare was this gap?
It was the 12th largest of 499 weekend gaps from 2015 to 2024 and the 4th largest of 50 in 2020.