A closer look:
The Al Aqsa Foundation condemned the cut-out, saying "This incident is a serious incident and has its symbolism, and such practices indicate that the Israeli occupation is involved in the implementation of schemes aimed at al-Aqsa mosque, and is trying to impose a fait accompli by placing multiple pictures in the al-Aqsa mosque." It also mentioned the "Talmudic rituals" that "settlers" often engage in.
Notice that this part of the Mount is strewn with debris from previous Waqf destruction of structures there. I documented some of that in my video tour of the area. The part pictured here seems to be from about the 14 minute mark of the tour.
The cut-out doesn't even depict the Temple Menorah, which had seven branches, but rather a Chanukah menorah, which has nine.