Investezo › Big weekend gaps › 20 Oct 2023
Gold weekend gap after Friday 20 Oct 2023: -0.65%
Gold's last hourly close on Friday 20 Oct 2023 was US$1,980.90. After 50 hours with no bars it reopened at US$1,968.07, 0.6477% lower. That makes it the 19th largest of the 499 weekend gaps from 2015 to 2024 in this data, and it was filled after 10 hours.
The gap in numbers
| Friday's last hourly bar | Fri 20 Oct 2023 23:00 |
| Friday's last hourly close | US$1,980.90 |
| First hourly bar after the weekend | Mon 23 Oct 2023 01:00 |
| Reopen price (first hourly open) | US$1,968.07 |
| Gap | -0.6477% · -US$12.83 |
| Hours with no bars | 50 |
| Rank among 499 weekend gaps 2015–2024 (by size) | 19th |
| Rank among the 49 gaps of 2023 | 3rd |
| Gold in the week before (Friday close vs Friday a week earlier) | +2.51% |
Did the gap fill?
Yes. Price first traded back to Friday's close of US$1,980.90 in the hourly bar of Mon 23 Oct 2023 11:00, 10 hours after the reopen. Up to that bar, the furthest point away from Friday's close was US$1,964.38 (-0.83%).
The first trading day after the gap
Daily bar for 23 Oct 2023: open US$1,968.07, high US$1,982.81, low US$1,964.38, close US$1,972.74. Close to close against Friday's daily close of US$1,980.90 that is -0.41%, with US$18.43 between high and low.
Hourly bars around the gap
| Bar (data time) | Open | High | Low | Close |
|---|---|---|---|---|
| Fri 20 Oct 2023 18:00 (before) | US$1,990.94 | US$1,997.21 | US$1,989.83 | US$1,991.62 |
| Fri 20 Oct 2023 19:00 (before) | US$1,991.61 | US$1,992.48 | US$1,981.19 | US$1,982.69 |
| Fri 20 Oct 2023 20:00 (before) | US$1,982.67 | US$1,986.74 | US$1,974.28 | US$1,982.52 |
| Fri 20 Oct 2023 21:00 (before) | US$1,982.54 | US$1,982.73 | US$1,976.05 | US$1,980.28 |
| Fri 20 Oct 2023 22:00 (before) | US$1,980.27 | US$1,982.13 | US$1,978.92 | US$1,979.72 |
| Fri 20 Oct 2023 23:00 (before) | US$1,979.73 | US$1,981.27 | US$1,978.92 | US$1,980.90 |
| Mon 23 Oct 2023 01:00 | US$1,968.07 | US$1,978.60 | US$1,968.07 | US$1,976.25 |
| Mon 23 Oct 2023 02:00 | US$1,976.26 | US$1,978.11 | US$1,970.10 | US$1,971.59 |
| Mon 23 Oct 2023 03:00 | US$1,971.59 | US$1,973.28 | US$1,964.38 | US$1,966.26 |
| Mon 23 Oct 2023 04:00 | US$1,966.24 | US$1,968.27 | US$1,964.43 | US$1,966.69 |
| Mon 23 Oct 2023 05:00 | US$1,966.60 | US$1,974.32 | US$1,966.53 | US$1,972.68 |
| Mon 23 Oct 2023 06:00 | US$1,972.68 | US$1,974.78 | US$1,971.74 | US$1,973.66 |
| Mon 23 Oct 2023 07:00 | US$1,973.64 | US$1,974.75 | US$1,972.78 | US$1,973.72 |
| Mon 23 Oct 2023 08:00 | US$1,973.63 | US$1,976.73 | US$1,972.74 | US$1,975.73 |
| Mon 23 Oct 2023 09:00 | US$1,975.79 | US$1,977.58 | US$1,975.09 | US$1,975.73 |
| Mon 23 Oct 2023 10:00 | US$1,975.66 | US$1,979.76 | US$1,974.49 | US$1,979.47 |
| Mon 23 Oct 2023 11:00 | US$1,979.46 | US$1,981.97 | US$1,979.09 | US$1,981.45 |
| Mon 23 Oct 2023 12:00 | US$1,981.47 | US$1,982.81 | US$1,976.91 | US$1,977.55 |
Context
2023 had 49 weekend gaps in this data; this was the 3rd largest. More numbers for that time: gold in October 2023 and gold in 2023.
What a gap like this means for an open trade
No price traded between US$1,968.07 and US$1,980.90, so a stop or pending order set inside that band was filled at the reopen price instead. The jump was US$12.83 per ounce; at 100 ounces, a common size for one gold lot, that is US$1,283.00, 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$12.83 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 Oct 2023?
-0.6477% (-US$12.83): Friday's last hourly close was US$1,980.90 and the first hourly open after the weekend was US$1,968.07.
Did the gap after 20 Oct 2023 fill?
Yes, 10 hours after the reopen.
How rare was this gap?
It was the 19th largest of 499 weekend gaps from 2015 to 2024 and the 3rd largest of 49 in 2023.