The invention discloses a metallic color anti-light projection imaging coating and a preparation method thereof. The metallic color anti-light projection imaging coating comprises a film-forming substance, a surfactant, a coloring pigment, an inorganic pigment, a high-reflective pigment, a diffuse reflection filler, an extinction diffuse reflection filler and a dispersion medium, wherein the weight ratio of the film-forming substance to the surfactant to the coloring pigment to the inorganic pigment to the high-reflective pigment to the diffuse reflection filler to the extinction diffuse reflection filler to the dispersion medium is (20-40): (5-10): (8-25): (0.1-0.9): (1-9): (5-15): (4-12): (10-35). The metal-color anti-light projection imaging coating prepared according to the technical scheme can be coated on flat wall surfaces, gypsum boards, wood boards and plastic boards by using brush coating, roll coating and spray coating processes, and by utilizing a high reflection coefficient and a diffuse reflection principle, a projection screen with high gain (2.5 or above), high brightness, high contrast, high saturation, large visual angle (the visual angle can reach 90 degrees or above) and high light resistance can be formed, and the projection screen has an excellent image imaging effect no matter in dark and semi-dark environments or bright environments.