Using goto in c++ code

[Ergodyne]

This may be a hot topic but I am interested in knowing what the general thought about this is. When I started to learn programming I was taught to never use goto's in the code (c++) and that this was an old way of programming.

Today, I'm working with an old c/c++ application that uses this goto command quite a lot and so I'm starting to wonder if it is not such a bad idea, at least in this case.

As an example of how it is used

int SomeFunction(int parameter)
{
	int retVal = FALSE;

	if (!Initiate())
		goto ERROR_END;

	if (!AllocateMemory())
		goto ERROR_END;

	if (!RunAnalysis())
		goto ERROR_END;

	return TRUE;

ERROR_END:

	ReleaseMemory();
	return FALSE;
	
}

In this case it is to me quite useful and makes the code more readable. Of course one could switch this to a series of if else statements but to me it would make the code more incomprehendable.

Any comments on this?