Is Sunfire Balm legal in Standard, Modern, and Commander?

Sunfire Balm is legal in: Legacy, Vintage, Commander.

What type of card is Sunfire Balm?

Sunfire Balm is an Instant. Its oracle text reads: "Prevent the next 4 damage that would be dealt to any target this turn. Cycling {1}{W} ({1}{W}, Discard this card: Draw a card.) When you cycle this card, you may prevent the next 1 damage that would be dealt to any target this turn."