That's going to need color and clear.
The economical option would be to touch it up. That's a big spot to touch up and it's not going to look great. Worst case, you do the work and if you aren't happy and you sand it off again and move to the next step. If you get a rattle can of paint mix by a local paint supplier, you can use it for the next option and you are only out your time, 1 piece of sand paper, and applicator. $60 repair with color, clear and consumables.
Next would be to lightly sand the whole panel in prep for paint, spray color over the current spot and blend at least 6", but ideally 12-18" beyond that spot, then clear the whole panel. That shouldn't be terribly hard to pull the panel off so you could avoid overspray and ensure good coverage. $150 repair with color, clear and consumables.
Most expensive (and best finish) would be to take it to a body shop and have a pro paint and finish it. You are far enough from other panels that they should not need to blend into the door, hood, A-pillar or bumper. I'd guess minimum of $500, but could be close to $1K at a premium shop and highly dependent where you are located.