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Here I will give you an idea about how to create a shiney Champion Medal with pink Ribbon which can be used in so many ways.
[1]-First of all open new document of custom size, Height & Width 500×400 pixes, Resolution 72 and Mode RGB Color as shown below

[2]-Now fill the background with any color by the press Alt+Backspace & after that create the following selection with the help of Elliptical Marquee TOol

[3]-Now fill the selection with any color & then click on ‘f’ which is indicating by Hand sign as shown below

[4]-Now select Inner Shadow and apply the following settings

[5]-Now select Bevel & Emboss and use the following setting

[6]-Now select Satin Structure and use the following settings

[7]-Now select stroke stuctrure and apply the following settings

[8]-Now your image will be look as shown below

[9]-Now create the following selection with the help of Elliptical Marquee Tool

[10]-Now fill the selection with any color and go to Select>Modify>Contract and use the following settings

[11]-Now your image will be look as shown below & then press”Delete”

[12]-Now click on ‘f’ which is indicating by Hand sign as shown below

[13]-Now Select Bevel & Emboss and use the following settings

[14]-Now your image will be look as shown below

[15]-Now select Custom Shape Tool and use the following shape & Settings

[16]-Now create the following shape with the help of Custom shape Tool & then click and select Make selection

[17]-Now your image will be look as shown below

[18]-Now fill the selection with any color & after that press Ctrl+T and click and then select ‘Rotate 90 CCW’

[19]-Now press Enter and your image will be look as shown below

[20]-Now click on ‘f’ which is indicating by Hand sign as shown below

[21]-Now select Bevel & Emboss and use the following settings

[22]-Now your image will be look as shown below

[23]-Now select Custom Shape Tool and use the following shape & Settings

[24]-Now create the following shape with the help of Custom shape Tool & after that click on the shape and select Make Selection

[25]-Now in make selection Add New Selection & Feather Radius should be 0 pixels & your image will be look as shown below

[26]-Now fill the selection with any color and go to Blending Options & after that select Bevel & Emboss and use the following settings

[27]-Now press Ctrl+J for making copy of the layer & after that press Ctrl+T and then click and select “Flip Horizontal”

[28]-Now create the following adjustment with the help of Move TOol

[29]-Now Create the following selection with the help of Polygonal Lasso Tool

[30]-Now select Text Tool & go to Layer>Type>Warp Text and use the following settings

[31]-Now create any Text with the help of Text TOol & your image will be look as shown below

[32]-Now select Text Layer and go to Blending Options with the help of Click on ‘f’ and after that select Drop shadow and use the following settings

[33]-Now select Bevel & Emboss and use the following settings

[34]-Finally, all settings have been completed & Your final image will be look as shown below

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