Be sure to tape off your decals first.
Can't really tell from the picture if they are through the gel or not. Scrub them first with a good cleaner so you can see what you're working on.
I'd probable start with 800-1000 and work up. Get the majority of the scratches out with the wet sanding then move to a medium cut as mentioned above. For that area I'd personally use a 3" backing pad on a rotary cutter. A DA will just cause you more work. On gelcoat with good prep, I'd use Farecla G3 then G10. Check for swirl/hologramming (budget option is a bright single LED torch), then build up the wax.
Don't skip the swirl/hologramming check, or you'll end up with a finish uglier than the scratches.
Bear in mind you've got a dark gelcoat, so you may end up creating an area darker than its surroundings. The gel will inevitably have faded over time.
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