For lovers to dream of making sad adieus on a balcony, long and perhaps final separation may follow.
Balcony also denotes unpleasant news of absent friends.
To dream that you were on a balcony refers to your desire to be seen and noticed.
It may also mean that you are on your way up the social ladder.
If the balcony collapsed or seemed dangerous, you may hear sad news about, or from, distant friends.