Vision: A peony in bloom promises happiness in love. Receiving a peony as a gift: you have a secret admirer. Giving a peony as a gift: don’t be timid in your love relationship, have courage! Throwing the flower away or if the flower is wilted: a love affair is deteriorating.
See also: Flower.
Depth Psychology: A beautiful peony always means good luck in matters of love.
A peony that has broken off: conflicts in your relationship.
A wilted peony: the relationship is deteriorating. [1]
However, the meaning is somewhat modified by their color.