I tried checking with 5 band color code but was unsuccessful. Resistor is blown hence the value cannot be determined using multimeter.
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It is a fusible metal film resistor which has value of 5.8 ohms with +/- 0.5% tolerance.Reference
This circuit looks somewhat familiar, and I believe it is both a resistor and a fuse, the thin metal at higher voltage will 'blow' the resistor but at lower voltage regulates the current, so a surge current (or rouge failure of the power circuit) won't kill the rest of the components.