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10/19/2012 at 05:20 PM ET

eva longoria 600x450 Red Carpet Trend Report: The Scoop on Cutouts, Bangs & MetallicsINF; FilmMagic; Joe Schildhorn/BFAnyc/Sipa

This week was packed with parties and premieres, so we kept our eyes on all of the red carpet happenings to fill you in on the trends that are on the rise — and the one on its way out. Our findings show that there are two dress styles gaining popularity, and one on-the-decline hairdo that we believe will get a chic upgrade in the near future.

trend up Red Carpet Trend Report: The Scoop on Cutouts, Bangs & Metallics

Up: Sexy, cool cutouts: Showing slivers of skin was all the rage this summer, but in recent weeks celebs have given the trend a rest. That is, until now. With mega-stars like Gwyneth Paltrow and Kate Hudson both donning designs featuring the revealing detail, we have a feeling round two of cutout mania is just about to get started.

trend down Red Carpet Trend Report: The Scoop on Cutouts, Bangs & Metallics

Down: Heavy blunt bangs: We love fringe on Gabrielle Union, Jessica Biel and Lea Michele, but we think going forward stars will opt for a side-swept style to highlight their eyes — and better complement their sleek, gorgeous gowns.

trend up Red Carpet Trend Report: The Scoop on Cutouts, Bangs & Metallics

Up: Shimmery metallic dresses: The holiday season doesn’t start for another month or so, but it looks like celebs are already test-driving shiny party looks. This week alone, Eva Longoria donned a copper number, Mandy Moore sported a shiny black frock and Brittany Snow wore a silver sheath. You can count on seeing similarly shimmery styles until just after New Year’s Eve.

Tell us: Do you plan to wear metallic dresses or cool cutouts? Vote below!

Want more Trend Report? Click to hear our thoughts on clunky shoes, braids and turtlenecks.

–Jennifer Cress

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