\(x^2+\dfrac{1}{x^2}=7\Rightarrow\left(x+\dfrac{1}{x}\right)^2-2=7\Rightarrow x+\dfrac{1}{x}=3\)
\(\Rightarrow\left(x+\dfrac{1}{x}\right)\left(x^2+\dfrac{1}{x^2}\right)=21\)
\(\Rightarrow x^3+\dfrac{1}{x^3}+x+\dfrac{1}{x}=21\Rightarrow x^3+\dfrac{1}{x^3}=18\)
\(\Rightarrow\left(x^3+\dfrac{1}{x^3}\right)\left(x^2+\dfrac{1}{x^2}\right)=126\)
\(\Rightarrow x^5+\dfrac{1}{x^5}+x+\dfrac{1}{x}=126\Rightarrow x^5+\dfrac{1}{x^5}=123\)