GoldHEN and similar homebrew enablers rely on kernel exploits. Currently, the most recent stable exploit (PPPwn) supports up to firmware 11.00 Current Status of PS4 11.50 No Jailbreak:
: There is no kernel exploit available for 11.50 that allows GoldHEN to run. goldhen ps4 1150 link
If you are currently on , stay there. The 9.00 jailbreak is superior because it is offline, stable, and requires only a USB drive. The 11.50 jailbreak is only for users who accidentally updated or bought a console on 11.00-11.50. GoldHEN and similar homebrew enablers rely on kernel
If a breakthrough happens for 11.50, it will likely be an evolution of the PPPwn exploit. You can monitor the PPPwn GitHub for technical updates. or see the requirements for the 11.00 PPPwn exploit goldhen ps4 1150 link