As Real Madrid fans, I don't have bigger expected with Real Madrid dominated in La Liga this season behind 11 points left from Barcelona on current standings. Barcelona have bigger chance winning La Liga tittle this season because they have good performance exactly with 9 goals conceded this season its seems how solid with defender performance. Indeed Barcelona failure for scoring goals in last three games after defeating by Madrid 4-0 then have draw for two games later in La Liga.
However, Madrid still has opportunity for winning Copa del Rey and Champion League although not easy for semifinal match against Manchester City, but always has possibility depend last season Madrid success eliminated Manchester City in semifinal stage.
Yes, the chance for Real Madrid to catch Barcelona is very small due to big point gaps.