I dread

"I am very afraid of"

your righteous judgments are good

God judges rightly and his decisions are good. AT: "Your judgments are righteous and good" (See: rc://en/ta/man/translate/figs-abstractnouns)

This refers to being aware of the situation. The focus is on knowledge or understanding, rather than just observing.

Possible meanings are 1) "I want very much to know your instructions" or 2) "I want very much to obey what you teach us to do."

The word "righteousness" is an abstract noun and refers to being righteous. AT: "revive me because you are righteous" (See: rc://en/ta/man/translate/figs-abstractnouns)

Possible meanings are 1) "Keep me alive" or 2) "Make me strong."