Polyus Gold International is back on its support area and this is a strategic entry point.

The current prices show a +5% potential to reach the consensus average target price.

Technically, the security is in a consolidation area limited by the significant 179.2 support and the GBp 210.5 resistance. Above the lower limit, investors should stay optimistic. The stock is currently testing the GBp 181.3/179.3 strip support. This level should act as a stepping stone for a forthcoming acceleration.

Consequently, investors might open a long position at current prices, in order to benefit from a technical rebound. The GBp 194.8 pivot point could be a first goal. This strategy should be covered by a stop loss placed under the GBp 179.2 support because a breakdown of this level would invalidate this scenario.