Although not the victory the Reds craved in the Midlands, Gerrard believes there were enough encouraging signs over the course of the match to suggest the team are heading in the right direction.
"It was a frustrating and difficult game tonight," he told liverpoolfc.tv. "Wolves defended well and the pitch was difficult to string passes together on.
"We're happy with how we defended as a team and that's four or five games undefeated for us now. We're a more difficult team to beat at the moment. Earlier in the season we'd have lost this game 1-0 but we've turned the corner now.
"We will keep fighting for this fourth place. We've a couple of home games to play now and if we can keep the momentum going and take maximum points then we'll edge into the top four.
"If we keep battling and keep defending as we have been then results will follow."