Investezo › Big weekend gaps › 20 Mar 2020
Gold weekend gap after Friday 20 Mar 2020: -0.56%
Gold's last hourly close on Friday 20 Mar 2020 was US$1,498.64. After 51 hours with no bars it reopened at US$1,490.20, 0.5632% lower. That makes it the 22nd largest of the 499 weekend gaps from 2015 to 2024 in this data, and it was filled after 1 hours.
The gap in numbers
| Friday's last hourly bar | Fri 20 Mar 2020 22:00 |
| Friday's last hourly close | US$1,498.64 |
| First hourly bar after the weekend | Mon 23 Mar 2020 01:00 |
| Reopen price (first hourly open) | US$1,490.20 |
| Gap | -0.5632% · -US$8.44 |
| Hours with no bars | 51 |
| Rank among 499 weekend gaps 2015–2024 (by size) | 22nd |
| Rank among the 50 gaps of 2020 | 6th |
| Gold in the week before (Friday close vs Friday a week earlier) | -2.04% |
Did the gap fill?
Yes. Price first traded back to Friday's close of US$1,498.64 in the hourly bar of Mon 23 Mar 2020 02:00, 1 hours after the reopen. Up to that bar, the furthest point away from Friday's close was US$1,485.99 (-0.84%).
The first trading day after the gap
Daily bar for 23 Mar 2020: open US$1,490.20, high US$1,561.08, low US$1,485.00, close US$1,552.39. Close to close against Friday's daily close of US$1,498.64 that is +3.59%, with US$76.08 between high and low.
Hourly bars around the gap
| Bar (data time) | Open | High | Low | Close |
|---|---|---|---|---|
| Fri 20 Mar 2020 17:00 (before) | US$1,499.12 | US$1,499.93 | US$1,487.66 | US$1,490.19 |
| Fri 20 Mar 2020 18:00 (before) | US$1,490.13 | US$1,492.05 | US$1,480.41 | US$1,487.06 |
| Fri 20 Mar 2020 19:00 (before) | US$1,486.91 | US$1,487.46 | US$1,479.88 | US$1,483.23 |
| Fri 20 Mar 2020 20:00 (before) | US$1,483.24 | US$1,486.22 | US$1,479.22 | US$1,481.20 |
| Fri 20 Mar 2020 21:00 (before) | US$1,481.22 | US$1,493.50 | US$1,479.88 | US$1,489.16 |
| Fri 20 Mar 2020 22:00 (before) | US$1,489.19 | US$1,498.82 | US$1,486.57 | US$1,498.64 |
| Mon 23 Mar 2020 01:00 | US$1,490.20 | US$1,497.14 | US$1,485.99 | US$1,491.48 |
| Mon 23 Mar 2020 02:00 | US$1,491.45 | US$1,501.39 | US$1,491.38 | US$1,494.84 |
| Mon 23 Mar 2020 03:00 | US$1,494.99 | US$1,494.99 | US$1,485.88 | US$1,492.49 |
| Mon 23 Mar 2020 04:00 | US$1,492.45 | US$1,496.46 | US$1,490.17 | US$1,493.29 |
| Mon 23 Mar 2020 05:00 | US$1,493.36 | US$1,498.02 | US$1,490.74 | US$1,493.40 |
| Mon 23 Mar 2020 06:00 | US$1,493.43 | US$1,496.04 | US$1,491.83 | US$1,492.52 |
| Mon 23 Mar 2020 07:00 | US$1,492.52 | US$1,495.39 | US$1,490.63 | US$1,494.46 |
| Mon 23 Mar 2020 08:00 | US$1,494.56 | US$1,494.76 | US$1,485.00 | US$1,487.78 |
| Mon 23 Mar 2020 09:00 | US$1,487.85 | US$1,490.39 | US$1,486.20 | US$1,490.15 |
| Mon 23 Mar 2020 10:00 | US$1,490.18 | US$1,491.76 | US$1,486.30 | US$1,490.75 |
| Mon 23 Mar 2020 11:00 | US$1,490.82 | US$1,494.25 | US$1,489.15 | US$1,492.28 |
| Mon 23 Mar 2020 12:00 | US$1,492.40 | US$1,495.46 | US$1,490.79 | US$1,492.61 |
Context
2020 had 50 weekend gaps in this data; this was the 6th 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$1,490.20 and US$1,498.64, so a stop or pending order set inside that band was filled at the reopen price instead. The jump was US$8.44 per ounce; at 100 ounces, a common size for one gold lot, that is US$844.00, 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$8.44 in the grid calculator to see what it does to your own lot and spacing.
Questions
How big was gold's weekend gap after 20 Mar 2020?
-0.5632% (-US$8.44): Friday's last hourly close was US$1,498.64 and the first hourly open after the weekend was US$1,490.20.
Did the gap after 20 Mar 2020 fill?
Yes, 1 hours after the reopen.
How rare was this gap?
It was the 22nd largest of 499 weekend gaps from 2015 to 2024 and the 6th largest of 50 in 2020.