🏆 Quant Study #9: Weekend Gap Fill Rate
🏷️ Flekhto Bakhto Center for Quantitative Research and Studies
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📌 Statistical Sample Data:
• Financial instrument: Gold contracts (XAU/USD)
• Time period: The last 10 years
• Sample size: 359 Monday opening gaps (of $1.5+).
📊 Results of the Monday-session gap-fill analysis:
• Overall same-day gap fill rate: 59.9% 🎯
• Up gaps filled: 60.6% [sample: 216]
• Down gaps filled: 58.7% [sample: 143]
🌟 Quantitative Conclusion (Quant & Market Edge):
• The statistics indicate that the market has a strong tendency to “close gaps” created over the weekend, with most of these gaps filled during Monday’s session.
• Algorithmic application: If gold opens on Monday with a strong upward gap and no structural support, avoid buying blindly. The high statistical probability (over 65%) favors a return to fill the gap (Prev Close). The reverse is true for down gaps, which present excellent buying opportunities on a rebound!
#EtherETFsExtendOutflowsToNineDays
🏷️ Flekhto Bakhto Center for Quantitative Research and Studies
────────────────────────
📌 Statistical Sample Data:
• Financial instrument: Gold contracts (XAU/USD)
• Time period: The last 10 years
• Sample size: 359 Monday opening gaps (of $1.5+).
📊 Results of the Monday-session gap-fill analysis:
• Overall same-day gap fill rate: 59.9% 🎯
• Up gaps filled: 60.6% [sample: 216]
• Down gaps filled: 58.7% [sample: 143]
🌟 Quantitative Conclusion (Quant & Market Edge):
• The statistics indicate that the market has a strong tendency to “close gaps” created over the weekend, with most of these gaps filled during Monday’s session.
• Algorithmic application: If gold opens on Monday with a strong upward gap and no structural support, avoid buying blindly. The high statistical probability (over 65%) favors a return to fill the gap (Prev Close). The reverse is true for down gaps, which present excellent buying opportunities on a rebound!
#EtherETFsExtendOutflowsToNineDays