I think your question if if they can "co-exist", correct?
They can and they have coexisted many times in the past, and even today. A monarchy with teocracy happens when there is a ruler (monarch ) who has an absolute or near-absolute power and claims to derive this power from God.
A historical example is ancient Egypt and a current example is Vatican City
Peter Gay considered that, "Breuer rightly claimed a quarter of a century later that his treatment of Bertha Pappenheim contained 'the germ cell of the whole ofpsychoanalysis'." Sigmund Freud later adopted the term talking cure to describe thefundamental<span> work of </span>psychoanalysis<span>.</span>