Step 1
Start a new document. Click on the Custom Shape Tool (U) and Drag +Draw the shape shown
Step 2
Double click the layer or go to Layers->Blending options and apply settings as shown.
Inner Shadow
Bevel and Emboss
Stroke
Step 3
In layers panel hold Ctrl then click on layer of shape to make a selection of it.
Step 5
Now go to Select > Modify > Contract (contract 10)
Step 6
Click on the Gradient Tool Apply settings. first color-e9304 and second color ffb7a5. Draw a gradient as shown.
Step 7
Make a selection of second layer and subtract left side from selection area. Click on image to show bigger.
Step 8
Click on the Gradient Tool and apply color as shown.
Step 9
Your result should be like this :) Good Luck. Click on image to view bigger.
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