Line up the pipe cleaners (except for the gold one) in the order of the rainbow (red,orange, yellow, green, blue, purple). Gather them together and trim off about 2-inches from one of the pipe cleaner ends. Wrap that piece around all of the pipe cleaners to hold them together.
Depending on the child's wrist size, repeat on the other side so that the gathered ends meet around the wrist. Twist the remaining open ends together and form a hook at each end to hook the two ends together to stay around the wrist.
Cut the gold pipe cleaner in half. Save one half for another project and coil the remaining half into a circle to create the gold coin.
Make the cloud by cutting a small oval from white felt, the oval should fit on the front of the bracelet. Glue pom poms to the felt oval and let dry. Glue the coin to the center of the cloud.
Glue the cloud to the front of the bracelet and let dry.