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What is Tick?

The minimum price increment of a contract. For gold futures, $0.10 per ounce.

In context

Tick size also matters because footprint charts and volume profiles, which you will meet later, display price in steps of one tick or a small group of ticks; you need to know what each step is worth.

From Chapter 1: The Gold Futures Contract and the Trading Day

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Education only. Not financial advice. Trading involves substantial risk of loss.