I first did a trial on a photocopy, to work out the placement of the colours.
The plain yellow is where the gold is going to go.
And then I did it for real :
You can’t see it, but I’ve drawn a 1.5mm margin around the letters that sit inside the rectangle.
All the background within the rectangle will be painted black, to make the colours really ‘pop’. Hence the margin - otherwise I’d loose those curved lines with circles at the end into the background.
I’ve made one mistake – on the K – on the left where it’s red/yellow, it should be red/yellow extending into the blue/purple for the rest of that scrolly bit, not blue/purple.
I’ve tried my trusty elastic rubber, and lifting with clean water, but it’s not budging. I reckon the watercolour pencils have staining qualities on the paper. Better not to fuss and leave it as it is.