That's the end of this live text, thanks for joining us today.
Valencia are back in action on Wednesday as they host Granada in the Spanish Cup. Barcelona are at home to Espanyol later that day.
Real Madrid won't be in midweek action as they were disqualified from the cup as you might remember.
What does that do to the table?
Real Madrid are now four points behind leaders Atletico Madrid - this was their game in hand. They are two points off Barca, having played a game more.
Valencia - with their third draw in four La Liga games under Gary Neville - move up one place to 10th.
FULL-TIME
If only we could have had a few more minutes. Fantastic ending to the game. But it's over now.
Post update
Oh my. Valencia break and Alvaro Negredo should win it - he's unmarked - but he fires straight at keeper Keylor Navas and then Andre Gomes fires the rebound wide.
At the other end Gareth Bale smashes over.
Post update
Real Madrid almost snatch a winner as their third corner of a run comes in but they just can't turn it in.
Post update
It's now officially a series of corners for Real Madrid.
Get Involved
Post update
Corner to Real. Late drama?
INJURY TIME
Three minutes added on at Mestalla.
Post update
It's all Valencia now and a cross goes all the way through to Real keeper Keylor Navas.
SUBSTITUTION
Valencia make their final change. Javi Fuego comes on for Rodrigo de Paul.
SUBSTITUTION
Gary Neville is really going for this now. Real Madrid haven't even kicked off yet and Valencia's manager brings on striker Alvaro Negredo for midfielder Dani Parejo.
Valencia strike back immediately
Valencia are level within seconds. Rodrigo de Paul's cross is headed across goal by his fellow Rodrigo and Paco Alcacer heads past Keylor Navas from about three yards out. Magic.
GOAL - Valencia 2-2 Real Madrid
Paco Alcacer
Has Gareth Bale hit the Real Madrid winner? No.
Getty ImagesCopyright: Getty Images
Has Bale hit Real winner?
Toni Kroos whips in a free-kick and Gareth Bale puts a fantastic glancing header past keeper Jaume Domenech.
GOAL - Valencia 1-2 Real Madrid
Gareth Bale
AFP/GETTYCopyright: AFP/GETTY
SUBSTITUTION
Valencia bring on former Bolton loanee Rodrigo for Lucas Orban. That's an attacking midfielder for a left-back. Is Gary Neville going all out for a first La Liga win? Brave.
Post update
Paco Alcacer almost finds Rodrigo de Paul with a through ball but Luka Modric just cuts it out. De Paul was in there if the Croat didn't nail that interception.
Real are on the rocks here.
Post update
This game is really starting to open up and Luka Modric's shot from just outside the box is saved by Jaume Domenech, who started the season as Valencia's fourth choice keeper.
AFP/GETTYCopyright: AFP/GETTY
Post update
Real Madrid keeper Keylor Navas thinks he has all the time in the world as the ball comes to him. Valencia striker Paco Alcacer charges towards it and the keeper gets to it first. Just. Very, very casual from Navas there.
Live Reporting
By Emlyn Begley
All times stated are UK
Get involved
Adios
That's the end of this live text, thanks for joining us today.
Valencia are back in action on Wednesday as they host Granada in the Spanish Cup. Barcelona are at home to Espanyol later that day.
Real Madrid won't be in midweek action as they were disqualified from the cup as you might remember.
What does that do to the table?
Real Madrid are now four points behind leaders Atletico Madrid - this was their game in hand. They are two points off Barca, having played a game more.
Valencia - with their third draw in four La Liga games under Gary Neville - move up one place to 10th.
FULL-TIME
If only we could have had a few more minutes. Fantastic ending to the game. But it's over now.
Post update
Oh my. Valencia break and Alvaro Negredo should win it - he's unmarked - but he fires straight at keeper Keylor Navas and then Andre Gomes fires the rebound wide.
At the other end Gareth Bale smashes over.
Post update
Real Madrid almost snatch a winner as their third corner of a run comes in but they just can't turn it in.
Post update
It's now officially a series of corners for Real Madrid.
Get Involved
Post update
Corner to Real. Late drama?
INJURY TIME
Three minutes added on at Mestalla.
Post update
It's all Valencia now and a cross goes all the way through to Real keeper Keylor Navas.
SUBSTITUTION
Valencia make their final change. Javi Fuego comes on for Rodrigo de Paul.
SUBSTITUTION
Gary Neville is really going for this now. Real Madrid haven't even kicked off yet and Valencia's manager brings on striker Alvaro Negredo for midfielder Dani Parejo.
Valencia strike back immediately
Valencia are level within seconds. Rodrigo de Paul's cross is headed across goal by his fellow Rodrigo and Paco Alcacer heads past Keylor Navas from about three yards out. Magic.
GOAL - Valencia 2-2 Real Madrid
Paco Alcacer
Has Gareth Bale hit the Real Madrid winner? No.
Has Bale hit Real winner?
Toni Kroos whips in a free-kick and Gareth Bale puts a fantastic glancing header past keeper Jaume Domenech.
GOAL - Valencia 1-2 Real Madrid
Gareth Bale
SUBSTITUTION
Valencia bring on former Bolton loanee Rodrigo for Lucas Orban. That's an attacking midfielder for a left-back. Is Gary Neville going all out for a first La Liga win? Brave.
Post update
Paco Alcacer almost finds Rodrigo de Paul with a through ball but Luka Modric just cuts it out. De Paul was in there if the Croat didn't nail that interception.
Real are on the rocks here.
Post update
This game is really starting to open up and Luka Modric's shot from just outside the box is saved by Jaume Domenech, who started the season as Valencia's fourth choice keeper.
Post update
Real Madrid keeper Keylor Navas thinks he has all the time in the world as the ball comes to him. Valencia striker Paco Alcacer charges towards it and the keeper gets to it first. Just. Very, very casual from Navas there.