Press Q again to disable quick mask.



Create a new layer and fill the selection with a golden color.



Select and merge all the frame layers. Double click the layer to open layer style window. Apply settings as shown.



Insert an image of your choice. Move this layer below all the layers in layer order. Also in the layer palette, select frame layer, select magic wand tool and click in the center of the frame to get the selection.



Select image layer. Press Ctrl+Shift+I to inverse the selection. Press Delete.