Updates in Xcode 10
Xcode 10 has increased support for code folding, including: 
- A new code folding ribbon showing all of the multi-line foldable blocks of code in the editor 
- A new style for folded code in the editor that allows you to edit lines with folded code 
- Support for folding any block of code enclosed in curly braces 
- Support for folding blocks of code from the folding ribbon, from structured selection, or from the 
Menubar  ►  Editor ► Code Folding ► Fold menu item

Look at this snapshot:

Code folding was disabled in Xcode 9 beta 1, which is working now, in Xcode 9 Beta5 according to beta release note: Resolved in Xcode 9 beta 5 – IDE
Here is how:
- Press and hold ⌘(command) button in keyboard and move/hover mouse cursor on any (start or end) braces. It will automatically highlight, block area.
- Keep (hold) ⌘(command) button in pressed condition and click on highlighted area. It will enable quick menu popover window withFoldoption.
- Select Foldfrom menu list. It will fold your code and shows 3 dots, folding/covering entire block.
- Now, to again unfold your code block, release ⌘(command) button and click on 3 dots folding a block.
For easy understanding, look at this snapshot:

It's all keyboard short cuts are also working.
Fold                          ⌥ ⌘ ←      option + command + left arrow
Unfold                        ⌥ ⌘ →      option + command + right arrow
Unfold All                    ⌥ U        option + U
Fold Methods & Functions      ⌥ ⌘ ↑      option + command + up arrow
Unfold Methods & Functions    ⌥ ⌘ ↓      option + command + down arrow
Fold Comment Blocks           ⌃ ⇧ ⌘ ↑    control + shift + command + up
Unfold Comment Blocks         ⌃ ⇧ ⌘ ↓    control + shift + command + down
Focus Follows Selection       ⌃ ⌥ ⌘ F    control + option + command + F
Fold All                      ⌘ ⌥ ⇧ ←    command + option + shift + left
Unfold All                    ⌘ ⌥ ⇧ →    command + option + shift + left
Code folding options from Xcode Menu:
Menubar  ▶  Editor  ▶  Code Folding  ▶  "Here is list of code folding options"
Here is ref snapshot:

Same options from Xcode Short-cut list:
Menubar  ▶  Xcode  ▶  Preferences  ▶ Key Bindings ▶ "Here is list of code folding short-keys"
