Treasury Approval Required for Digital Precious Metals

The mandatory Treasury approval could increase regulatory pressure in the digital asset market, potentially creating short-term negative effects on technology stocks. Although GOOGL shares rose 4.4% in the last 24 hours, the RSI remains neutral at 57, and the price is below the 50-day moving average (335.75). While the MACD line is above the signal line, momentum appears to be weakening. Therefore, a short-term pullback is possible due to the impact of the regulatory news.

The mandatory Treasury approval requirement increases regulatory pressure on digital precious metals, potentially negatively impacting physical gold ETFs such as GLD in the short term. Technical indicators show the RSI approaching oversold territory at 39.4, while the MACD remains negative below its signal line, suggesting continued bearish momentum. The 3.77% decline over the past 24 hours and the price staying below the 20- and 50-day moving averages weaken the short-term outlook. Although the low RSI level could signal a potential buying opportunity, the risk of further decline persists due to the regulatory news.