Gold Continues in Pull Back Channel

In the daily chart we see gold hit the top of the channel and started to pull back in the small channel above.
I personally expect it to pull back where Fib 0.5, main up trend line and strong support area intersects. We can expect a bounce back from there.

I am not a fundamental analysis expert, but one would think USD will be inflated until the election as usual, which supports the technical analysis as well.