I have a PS4 save file created with the latest version of Dark Souls III.
Can I install and launch the game from the Dark Souls III: The Fire Fades GOTY Edition disc and load that same save game?
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According to comments on this wiki page for DS3 editions, yes, you will be able to continue using saves from the original version on the Fire Fades edition:
You can continue your save in fire fades.
I have both the normal game version and the fire fades edition for ps4 and yes the save files from the normal game works with the fire fades edition.