THE recent strength in the US dollar index has resulted in gold breaking below the key support level at US$1,300. The psychological round number area was particularly important because it was the pivot point that kept the bulls intact since January 2018. For the past five months, there
$1,300 is a key price point in evaluating gold. 
The context says that $1,300 was a pivot point for bulls intact since January 2018. Not that it has any significant meaning in the overall trade of gold. At the same time we don't know useful $1,300 is overall. 