Download out of Internet the font Homoarakhn and install it on. Next we shall write the demonstrated below word on a separate file (File>New) of 1280×960 px and 72 dpi.

The layer’s parameters: Blending Options>Inner Shadow

Blending Options>Gradient Overlay

Gradient’s parameters:

Create a new layer and place it under the text’s layer on the layers’ panel. Mark out the new layer and then hold on CTRL button while making a mouse click on the text’s layer:

Select>Modify>Expand

 

Select the white color on the instrument’s panel and press this combination of buttons: Alt+Backspace to color on the marked zone, applying the chosen white color.