Provided are a high-toughness gas shielded welding wire for a long-life weathering steel structure and a preparation method of the high-toughness gas shielded welding wire. The chemical components ofthe welding wire comprise, by mass percent, 0.04-0.08 % of C, 0.40-0.60 % of Si, 1.10-1.40 % of Mn, being less than or equal to 0.010 % of P, being less than or equal to 0.006 % of S, 0.25-0.45 % of Cr, 0.10-0.25 % of Mo, 0.25-0.40 % of Cu, 1.00-1.30 % of Ni, 0.01-0.03 % of Ti, 0.004-0.008 % of O, being less than or equal to 0.30 % of the sum of unavoidable impurity elements, and the balance Fe. Through the technical scheme of scientific proportioning of the chemical components of the welding wire, the welding performance is stable, and the obtained deposited metal not only has good comprehensive mechanical properties but also has excellent corrosion resistance and low temperature impact toughness. According to the preparation method, the manufacturing process is stable, and the percent ofpass is high.