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Discover LudwigThe phrase "goes up" is correct and can be used in written English.
It is generally used to describe the motion of something going up in a literal or figurative sense. For example, "Gas prices always go up this time of year."
Dictionary
goes up
verb
Third person singular of go up
Exact(60)
A hand goes up.
It goes up.
A cheer goes up.
The price goes up.
The nose goes up.
Inequality goes up.
"The curtain goes up!
A big cheer goes up.
"Everything goes up," he said.
My finger goes up, up.
The appeal goes up.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com