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. 
( z1 point :domain ( z2 monetary-quantity :quant 1300 :unit ( z3 dollar ) ) :ARG1-of ( z4 key :ARG2 ( z5 evaluate :ARG1 ( z6 gold ) ) ) :ARG2-of ( z7 price ) )