Investezo › Big weekend gaps › 10 Mar 2023
Gold weekend gap after Friday 10 Mar 2023: +1.02%
Gold's last hourly close on Friday 10 Mar 2023 was US$1,867.15. After 49 hours with no bars it reopened at US$1,886.16, 1.0181% higher. That makes it the 7th largest of the 499 weekend gaps from 2015 to 2024 in this data, and it was not filled that week.
The gap in numbers
| Friday's last hourly bar | Fri 10 Mar 2023 23:00 |
| Friday's last hourly close | US$1,867.15 |
| First hourly bar after the weekend | Mon 13 Mar 2023 00:00 |
| Reopen price (first hourly open) | US$1,886.16 |
| Gap | +1.0181% · US$19.01 |
| Hours with no bars | 49 |
| Rank among 499 weekend gaps 2015–2024 (by size) | 7th |
| Rank among the 49 gaps of 2023 | 1st |
| Gold in the week before (Friday close vs Friday a week earlier) | +0.64% |
Did the gap fill?
No. In the 115 hourly bars of that trading week price never came back to Friday's close of US$1,867.15. The furthest point in the gap's direction was US$1,988.17 (+6.48% from Friday's close), and the week's last hourly close, Fri 17 Mar 2023 22:00, was US$1,988.17 (+6.48% from Friday's close).
The first trading day after the gap
Daily bar for 13 Mar 2023: open US$1,886.16, high US$1,914.62, low US$1,871.55, close US$1,913.56. Close to close against Friday's daily close of US$1,867.15 that is +2.49%, with US$43.07 between high and low.
Hourly bars around the gap
| Bar (data time) | Open | High | Low | Close |
|---|---|---|---|---|
| Fri 10 Mar 2023 18:00 (before) | US$1,863.04 | US$1,864.05 | US$1,854.15 | US$1,855.32 |
| Fri 10 Mar 2023 19:00 (before) | US$1,855.36 | US$1,865.20 | US$1,854.98 | US$1,864.28 |
| Fri 10 Mar 2023 20:00 (before) | US$1,864.28 | US$1,865.42 | US$1,860.86 | US$1,862.89 |
| Fri 10 Mar 2023 21:00 (before) | US$1,862.88 | US$1,864.93 | US$1,860.97 | US$1,863.84 |
| Fri 10 Mar 2023 22:00 (before) | US$1,863.87 | US$1,870.00 | US$1,863.53 | US$1,869.78 |
| Fri 10 Mar 2023 23:00 (before) | US$1,869.85 | US$1,870.18 | US$1,866.26 | US$1,867.15 |
| Mon 13 Mar 2023 00:00 | US$1,886.16 | US$1,894.36 | US$1,878.49 | US$1,883.94 |
| Mon 13 Mar 2023 01:00 | US$1,883.94 | US$1,889.27 | US$1,875.75 | US$1,877.80 |
| Mon 13 Mar 2023 02:00 | US$1,877.80 | US$1,882.13 | US$1,875.15 | US$1,876.98 |
| Mon 13 Mar 2023 03:00 | US$1,876.96 | US$1,879.66 | US$1,872.19 | US$1,873.09 |
| Mon 13 Mar 2023 04:00 | US$1,873.06 | US$1,888.86 | US$1,872.50 | US$1,886.96 |
| Mon 13 Mar 2023 05:00 | US$1,886.98 | US$1,887.17 | US$1,882.35 | US$1,882.60 |
| Mon 13 Mar 2023 06:00 | US$1,882.60 | US$1,883.71 | US$1,881.47 | US$1,881.56 |
| Mon 13 Mar 2023 07:00 | US$1,881.56 | US$1,881.88 | US$1,877.09 | US$1,877.97 |
| Mon 13 Mar 2023 08:00 | US$1,877.96 | US$1,882.35 | US$1,873.42 | US$1,873.55 |
| Mon 13 Mar 2023 09:00 | US$1,873.53 | US$1,878.19 | US$1,871.55 | US$1,876.29 |
| Mon 13 Mar 2023 10:00 | US$1,876.31 | US$1,886.18 | US$1,875.53 | US$1,885.53 |
| Mon 13 Mar 2023 11:00 | US$1,885.54 | US$1,893.88 | US$1,884.30 | US$1,886.03 |
Context
2023 had 49 weekend gaps in this data; this was the largest. More numbers for that time: gold in March 2023 and gold in 2023.
What a gap like this means for an open trade
No price traded between US$1,867.15 and US$1,886.16, so a stop or pending order set inside that band was filled at the reopen price instead. The jump was US$19.01 per ounce; at 100 ounces, a common size for one gold lot, that is US$1,901.00, 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$19.01 in the grid calculator to see what it does to your own lot and spacing.
Questions
How big was gold's weekend gap after 10 Mar 2023?
+1.0181% (US$19.01): Friday's last hourly close was US$1,867.15 and the first hourly open after the weekend was US$1,886.16.
Did the gap after 10 Mar 2023 fill?
No, not within that trading week; the week's last hourly close was US$1,988.17.
How rare was this gap?
It was the 7th largest of 499 weekend gaps from 2015 to 2024 and the largest of 49 in 2023.