In the sky, cannot fly Riddle

Puzzle of the Day 2205 : In the sky, cannot fly Riddle
5 seconds Puzzle – Presence of Mind

Riddle :

I am beautiful, up in the sky.
I am magical, I cannot fly.
To people I bring luck,
to some people, riches.
The boy at my end does whatever he wishes.
Loads of colors well placed.

What am I?

Answer/Solution

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