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Gold (XAUUSD) in 2016: daily moves, range and the biggest days
2016 was a middle year for gold's daily range between 2005 and 2024 (10th widest of 20). Gold closed the year up 8.53% at US$1,151.32. Its median daily range was 1.267%, about US$15.90, and it moved 2% or more on 11 of 258 days.
Key numbers
| Trading days counted | 258 |
| Year change (last close vs last close of 2015) | +8.53% |
| Last close of the year (30 Dec 2016) | US$1,151.32 |
| Median daily move (close to close, either way) | 0.541% |
| Median daily range (high to low) | 1.267% · US$15.90 |
| Days with a move of 1% or more | 62 |
| Days with a move of 2% or more | 11 |
| Days with a move of 3% or more | 3 |
| Days with a move of 5% or more | 0 |
| Up days / down days | 129 / 129 |
The biggest days
| Date | Move | US$ | |
|---|---|---|---|
| Best day | 24 Jun 2016 | +4.75% | US$59.71 |
| Worst day | 4 Oct 2016 | -3.3% | -US$43.28 |
| Widest high-low range | 24 Jun 2016 | 8.59% | US$107.91 |
How 2016 compares with 2005–2024
| 2016 | Median of 20 years | Rank (1 = highest) | |
|---|---|---|---|
| Median daily range % | 1.267% | 1.25% | 10th of 20 |
| Days with 2%+ moves | 11 | 11.5 | 11th of 20 |
| Largest one-day move | 4.75% | 4% | 8th of 20 |
| Median daily range in US$ | US$15.90 | – | 12th of 20 |
Weekend gaps in 2016
Gold had 49 weekend gaps in this data in 2016. The median gap was 0.125% either way. 4 gaps were 0.5% or more and 0 were 1% or more; 22 opened higher and 27 lower. The largest came after Friday 17 Jun 2016: -0.96% (-US$12.46).
What these numbers mean for an EA
A 2% move at the 2016 year-end price of US$1,151.32 is about US$23.03. In 2016 gold moved that much or more on 11 days out of 258. A grid or martingale EA that adds trades against the move carries the full move as open loss until price comes back, so the days in the table above are the days its floating drawdown was tested. You can enter a move of this size in the grid calculator to see the open loss for your own lot and spacing, or check a live record against daily and max loss limits with the Prop Firm Rule Check.
Questions
How much did gold move on a normal day in 2016?
The median close-to-close move was 0.541% and the median high-low range was 1.267% (US$15.90).
What was gold's biggest day in 2016?
The best day was 24 Jun 2016 (+4.75%) and the worst day was 4 Oct 2016 (-3.3%).
Did gold go up or down in 2016?
Up: the last close of 2016 was US$1,151.32, +8.53% against the last close of 2015.