50s rocker pinching golden chain is fired (7)
I believe the answer is:
torched
'fired' is the definition.
(torching is a kind of firing)
'50s rocker pinching golden chain' is the wordplay.
'50s rocker' becomes 'ted' (I can't explain this - if you can you should give a lot more credence to this answer).
'pinching' is an insertion indicator (taking inside).
'golden' becomes 'or'.
'chain' becomes 'ch' (I've seen this in other clues).
'or'+'ch'='orch'
'ted' going around 'orch' is 'TORCHED'.
'is' acts as a link.
Can you help me to learn more?
(Other definitions for torched that I've seen before include "Set fire to" , "Set alight deliberately (slang)" , "burnt" .)