## Though rulers plot and slander me ##

"Though rulers make plans to harm me and say bad things about me"

## Your covenant decrees are my delight ##

"Your covenant decrees make me very happy."

## and they are my counselors ##

God's decrees are spoken of as if they were  people.  AT: "and they are like wise counselors to me" or "and they give me wise counsel" (See [[rc://en/ta/man/translate/figs-personification]])