medium · Volume Profile Analysis auction-market-theory
You observe a session high in Gold (GC) at 2540.50. This level was touched 6 times during the session, with price retracing only 2 ticks between each touch. The Volume Profile shows a flat, high-volume ceiling at this price.
Is this extreme 'Strong' or 'Weak'?
- Strong (Excess High), because the level held and defended the price six separate times.
- Strong, because the heavy volume printed right at this level reflects deliberate institutional defense.
- Weak, because the session's Point of Control happens to be located far too far below the session high.
- Weak (Poor High), because the repeated tests and lack of rejection suggest an incomplete auction.
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