DXY, EURUSD, GBPUSD, XAUUSD: Big Moves Are Coming!

Justin Bennett (Daily Price Action)
Justin Bennett (Daily Price Action)May 20, 2026

Why It Matters

Understanding these SMC‑based setups lets traders position ahead of likely USD strength and euro/gold declines, improving risk‑adjusted returns in a volatile macro environment.

Key Takeaways

  • DXY may pull back to 98.15 before resuming upside
  • Euro shows bearish change of character; short near 1.1729‑1.1730
  • GBP/USD remains choppy; focus on euro for USD exposure
  • Gold's optimal trade entry sits around $4,680; watch premium break
  • Use SMC imbalances and OTE zones to time long USD, short EUR/GBP

Summary

In the video, full‑time trader Justin Bennett lays out a detailed trade plan for the U.S. Dollar Index (DXY), EUR/USD, GBP/USD and XAU/USD, arguing that “big moves are coming” despite recent market “circus” caused by geopolitical tension and political noise.

Bennett sees the DXY testing a local top and expects a corrective pullback toward the 98.15 level, targeting the optimal trade entry (OTE) zone at the 50 % Fibonacci mark. For the euro, a 50‑pip break below a recent low and a change‑of‑character on the daily chart signal a short bias, with a key short entry around 1.1729‑1.1730. GBP/USD remains range‑bound, offering fewer clear setups, while gold’s daily chart shows a bearish bias with the OTE around $4,680 and premium above the 50 % level as a short trigger.

Bennett emphasizes “long low, short high” and points to specific structural signals—break of trend lines, imbalance (FVG) zones, and BOS (break of structure) events—as entry triggers. He cites the DXY’s recent breakout above prior highs, the euro’s 50‑pip low‑close, and gold’s displacement candles as concrete examples that validate his SMC (Smart Money Concepts) framework.

By aligning trades with these SMC imbalances and OTE zones, traders can potentially capture the anticipated USD rally, profit from continued euro weakness, and hedge against a falling gold market. The analysis suggests a short‑biased stance on EUR and XAU, with selective long USD positions contingent on a pullback to the identified support zones.

Original Description

I just launched a free 3-day SMC strategy course that walks through exactly how I trade structure, liquidity, and entries as a full-time trader.
The US dollar could be about to pull back, but don't get too comfortable. In this video I'm walking through my exact trade plan for the DXY, EURUSD, GBPUSD, and gold (XAUUSD).
With everything going on in the Middle East and the constant headlines out of Washington, these markets have been a circus. But the price action has actually been a lot cleaner than most people think once you understand SMC.
Here's what I'm watching:
The DXY is showing signs of a local top on the 15-minute, and I'd like to see a pullback into 98.15 before looking for US dollar longs. That area lines up with a key imbalance from the daily timeframe.
EURUSD gave us the first daily change of character in years. I remain bearish longer term and looking for shorts on a move into premium.
GBPUSD has been mostly chop, but my 1.33 target hit almost to the pip. Now I'm watching the 1.3550 region for potential shorts if we get the move higher.
Gold has a clean BOS to the downside on the daily. I'm watching the 4650 area for shorts if we get a lower high to develop.
Longer term I remain bullish on the US dollar, which means I stay bearish on the euro, pound, and gold.
00:00 Intro
00:26 DXY trade plan
05:30 EURUSD outlook
09:20 GBPUSD setup
12:32 Gold (XAUUSD) analysis
#forex #smartmoneyconcepts #priceaction #trading #goldtrading
SMC LESSONS
BoS and CHoCH made simple
Steal my liquidity sweep entry model (beginner-friendly)
Premium, discount, and OTE explained
Disclaimer: This video is for educational purposes only and is not financial advice. Trading forex, crypto, and other markets involves risk and may not be suitable for all investors. Always do your own research and never risk money you can’t afford to lose. I am not responsible for any losses you may incur from acting on the information in this video.

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