I always assume 'goo' means borers on my peaches
When I scrape away the gell there will usually be a tunnel of some sort that I can stick a wire in and try to poke around to kill the larvae.
The damage is always at the base of the trunk and sometimes under ground slightly....never on the branches like canker might be.
Sometimes I'm lazy and just pour on the wood ashes (now from the local woodfired bakery) against the trunk and hope for the best.
Our trees are easily replaceable though as they are the same ones I've been starting from seed for years and I always have young ones in line to replace if needed.
Before we moved, we had some trees over 12 years that I just cleaned off any gell at the base, poked any holes with a flexible wire and kept a mound of wood stove ashes piled several inches up the trunk. I've always meant to ask the new owners if the trees survived after we moved.
Borer damage will eventually kill the tree if left alone.....
EDIT: ....more specifically, the borer itself, or several will continue tunneling and if there are more every year the damage will be cumulative and the base of the tree too riddled with damage to survive.