Anyway, time for the big reveal.....
The red is the main fabric while the light gold is for the front panel, the inside of the sleeves, and the lining of the bodice. The "novelty braid" is for the trim along the dress.
I'll be following the pattern for the dress with the bell sleeves in the upper left corner. Don't worry, the pictures are almost impossible to see even in person.
I'll probably be working on this on and off while I make smaller projects at the same time. I'll definitely post updates when I have something interesting to show.