Hoarding Gold Beats Charts Over 25 Years: Technical Analysis

A buy-and-hold strategy for gold made investors more money during the past quarter century than any technical analysis tool.

While ichimoku chart, moving average oscillator, directional movement indicator and variable moving average techniques as much as doubled profits since August 1986, holding onto bullion would have boosted investors’ money more than fourfold, according to data compiled by Bloomberg. The returns from buying the metal and using 22 other individual strategies that use chart patterns don’t account for trading costs.