ATC do occasionally shout 'Go Around' at you! I'm only too happy for them to do so (if needed!). Go around is the common parlance in the US, and I don't think it helps having a discussion on the term 'overshoot'. It is too ambiguous and means different things to different people. Best avoid it altogether! Stick to 'Go around', 'you're too high' or 'you are undershooting', but avoid the o****shoot word altogether.