לְדָוִד אוֹדְךָ ה' בְכָל לִבִּי נֶגֶד אֱלֹהִים אֲזַמְּרֶךָּ

By David. I praise You with all my heart; before divine beings, I sing praises to You. This verse refers to “divine beings,” or angels. The psalmist, as it were, is singing not only among men but also before angels, who cannot themselves give thanks to God in the same way as people.

אֶשְׁתַּחֲוֶה אֶל הֵיכַל קָדְשְׁךָ וְאוֹדֶה אֶת שְׁמֶךָ עַל חַסְדְּךָ וְעַל אֲמִתֶּךָ כִּי הִגְדַּלְתָּ עַל כָּל שִׁמְךָ אִמְרָתֶךָ

I bow down toward Your holy Sanctuary, and I acclaim Your name for Your kindness and Your truth. “Truth” refers to God’s faithful fulfillment of His promises to David. For You have made Your word greater than Your entire name. Your kindness and Your fulfillment of Your word exceed everything I previously knew about Your name.

בְּיוֹם קָרָאתִי וַתַּעֲנֵנִי; תַּרְהִבֵנִי בְנַפְשִׁי עֹז

On the day that I called, You answered me; You gave my soul strength and made it exalted. You emboldened my soul to such an extent that it reached an elevated, exalted state.

יוֹדוּךָ ה' כָּל מַלְכֵי אָרֶץ כִּי שָׁמְעוּ אִמְרֵי פִיךָ

All kings of the earth will give thanks to You, Lord, when they hear the words of Your mouth. Those among the kings and rulers who have heard the word of God will thank Him.

וְיָשִׁירוּ בּ דַרְכֵי ה'כִּי גָדוֹל כְּבוֹד ה'

They will sing praises of the ways of the Lord, for great is the Lord’s honor throughout the world.

כִּי רָם ה' ושָׁפָל יִרְאֶה וְגָבֹהַּ מִמֶּרְחָק יְיֵדָע

Though the Lord is exalted, though God is in the highest heavens, He sees the lowly and pays heed to the lowest of the low. The haughty He knows from afar. He is also cognizant of those who are arrogant, and can punish them accordingly.

אִם אֵלֵךְ בְּקֶרֶב צָרָה תְּחַיֵּנִי עַל אַף אֹיְבַי תִּשְׁלַח יָדֶךָ וְתוֹשִׁיעֵנִי יְמִינֶךָ

Though I walk in the midst of distress, when I am surrounded by adversity on all sides, You keep me alive. In spite of the attempts of my enemies to harm me, they are unsuccessful; You send forth Your hand; Your right hand saves me.

ה' יִגְמֹר בַּעֲדִי ה' חַסְדְּךָ לְעוֹלָם מַעֲשֵׂי יָדֶיךָ אַל תֶּרֶף

The Lord will complete [yigmor] this for me. Some commentators understand the word yigmor in the sense of gemul, or recompense, so that the verse is saying: God will repay me for my good deeds. However, it can also be interpreted literally, in the sense of finishing or completing for me the things that I want to do. Your kindness, Lord, is forever; do not forsake the works of Your hands, but rather help them to accomplish their goals to completion.