Gold Bulls Trapped As EURUSD Signals Dollar Strength | Nasdaq Next?

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Gold, the euro, the DXY, and the NASDAQ are all moving early this week, but the big question is whether these rallies have legs or whether traders are walking into another trap.

In today’s video, I’m breaking down the key SMC trading levels I’m watching across XAUUSD, EURUSD, the US Dollar Index, and the NASDAQ.

**Gold / XAUUSD**

Gold is pushing higher after sweeping last week’s low, but I’m still watching for the potential lower high to develop.

The key is confirmation. I’m not interested in blindly shorting gold just because it’s trading into premium or mitigating an inefficiency. I want to see a convincing lower timeframe change of character before considering shorts.

I also break down the key XAUUSD inefficiencies, the protected high near 3,595, the current trend line support, and the downside areas that could come into play if gold confirms a lower high.

**EURUSD**

The euro pushed into the area I talked about over the weekend, including the single print and imbalance near the 1.16 region.

Now the focus is on whether EURUSD can hold above the short-term protected low or whether we get a 15-minute change of character that opens up downside targets into nearby inefficiencies.

I’m also looking at the bigger picture daily structure, where the euro still looks vulnerable as long as lower highs continue to develop.

**DXY / US Dollar Index**

The DXY has now mitigated the single print near 99.47 and is bouncing from the bottom of the channel.

That matters because if the dollar is putting in a local bottom, it could support the bearish EURUSD idea and also impact gold this week.

I’ll show you the lower timeframe DXY structure and why the dollar may be trying to form a short-term bottom.

**NASDAQ**

The NASDAQ rallied hard after gapping higher, but there was no confirmed change of character around 30K.

That means there was no valid short setup there, even though the market traded into the area we discussed over the weekend.

Now I’m watching the 30,180 area. If the NASDAQ trades below that level, we could have the first real signal that a lower high is developing. Until then, the market is still pushing higher with no short confirmation.

As always, this is my opinion only and not financial advice.

#SMCTrading #SmartMoneyConcepts #XAUUSD #GoldTrading #EURUSD #DXY #NASDAQ #ForexTrading #PriceAction #TechnicalAnalysis #ICTTrading #dailypriceaction

CHAPTERS

0:00 Market overview
0:22 Gold / XAUUSD
7:20 EURUSD
10:19 DXY / US Dollar Index
13:40 NASDAQ

SMC LESSONS

BoS and CHoCH made simple
https://youtu.be/FE1bgD9N6DM

Steal my liquidity sweep entry model (beginner-friendly)
https://youtu.be/XH4TAoLCFBk

Premium, discount, and OTE explained
https://youtu.be/UWrvexqN3w8

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.

Видео Gold Bulls Trapped As EURUSD Signals Dollar Strength | Nasdaq Next? канала Justin Bennett