Gel Text

Go to Layer > Rasterise > Layer to make the text layer into a normal one you can work with.

If the background is not black, I would recomment going to Layer > Layer Style > Stroke and adding a 1px wide black stroke.

Now Layer > Layer Style > Bevel and Emboss. These are the values that worked for me.

005 Gel Text 002 Gel Text

It’s important to set the Gloss Contour to resemble this:

005 Gel Text 003 Gel Text

Also in the Photoshop Tutorials category