I have just listened to a song and in the lyrics I heard the following sentence:
"The love we shared seems to go nowhere"
Does that mean "gone"?
Were you listening to "Tainted Love"? That's one of my favourite songs!!
It doesn't mean gone. If something "goes nowhere" it means that it doesn't achieve any kind of result. It may continue, but it doesn't really have a point or a conclusion. Nothing really happens.
I started writing a book ten years ago but it's really going nowhere. (This means I've started it and may have written quite a lot, but it has no end in sight, it is just rambling along.)