Its selective fading of some of the pigments?
You did not say what color the gelcoat was.However, if it is anyinthing other than black or stark white, the color is tinted with different colors. For instance a cream color will have some added "brown" which is inteslf a mixture of pigments containing red (a primary color).Probably the other pigments have faded and not the red. However- its usually the other way round and red fades faster tham most other primary colors. Color matching etc is described under Fiberglass Trilogy !! in the gelcaot and Plastics forum on this site.However, if it is caused by pigment fading, it might be OK and light compounding might work. This is certainly tru of some red colored gelcoats where the outer layer fades to an orange color than can be compounded off.If the original repair was better blended and the pigments were of higher quality then the problem might not have occurred. Another possibility is that the original gelcoat has become lighter ThanksJim W