You may get .psd* file of "Direction Sign" Photoshop tutorial by making a payment. Put the tutorial title in "Add special instructions to seller" line of PayPal and it will be sent to you shortly.
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- Duplicate wooden board layer, adjust Fill about 0%.
- Apply Gradient Overlay and Inner Shadow layer style effects.
- In order to create board holders, make small rectangular using Rectangle Tool and apply Reflected gradient to it.
- Add one stroke to the left and one to the right side of the rectangular. Apply black/transparent reflected gradient to left stroke and white/transparent to the right stroke.
- Now create rounded rectangular and apply following Drop Shadow and Gradient Overlay to it.