Now we've got the picture that is shown below:



Take the Ellipse Tool (U) and try to make a black circle placing it the same way you may see below:



Set the transparency level demonstrated next table:



Select also Blending Options>Stroke.



… and we've got the next circle:



This way it's possible to represent the rest of the elements, demonstrated on the next picture:



Mark out all the layers on the layers' palette containing the circles, putting them all together into a single one (Ctrl+E). After that we'll select the Rectangular Marquee Tool (M) to erase the unnecessary elements as it is demonstrated below:



Make a copy of the orange rectangle (Ctrl+J) to insert a highlight there. Make the copy smaller a little (Ctrl+T) and finally move off and make some corrections the element's tops, applying the Pen Tool (P).



Fill 0% on the layers' panel, giving the next properties for the layer Blending Options>Gradient Overlay:



Gradient



It's the picture you'll get:



Insert now the necessary text:



Give the appropriate gradient to the text:



Follow the next demonstrated text's parameters:



Now we'll represent one more rectangle for the highlight, having the next parameters Blending Options>Inner Glow:







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