Download Folder in the Favorites shows Explorer.exe error this file is

Hi everyone,
i am facing a problem opening my downloads folder in the favorites when i click on it shows an error "Explorer.exe This file does not have a program associated with it for performing this action...." i've tried several things to work it around but am not good in such things, i have a lot important data in this folder that i want to recover at least so i can even format and re-instal windows if there is no other solution. i've tried Ccleaner for registry fix and it doesn't work i need help please thanks in advance.

Windows 7 Ultimate x64

Tried this method not working the problem is in this folder only all the other folders are working no problem

this one

The items listed in this 'Favorites' bar are Shortcut files that are located in a user account's Links folder (C:\Users\%Username%\Links).

Svr, your 'Downloads' Shortcut file looks bad. Replace it. Or restore it by deleting it then right-clicking the Favorites bar > Restore favorite links.

Thanks Pyporhly i did what u said delete it and then restoring and now it disappeared and not restoring

You can manually create a "Downloads" Shortcut and place it in the C:\Users\%Username%\Links folder.

Do you happen to have a Restore Point that was created before you noticed this issue? I recommend you do a System Restore and jump back to an earlier date.

system restore failed several times, and the ugly truth is the folder is deleted with all the data i donwloaded a recovery program and i discovered that the folder was deleted with all the data in it